Micron Boosts U.S. Chip Spend to $250B, Trump Touts 'Effect'

President Donald Trump on Friday celebrated Micron Technology's plans to invest $250 billion in U.S. semiconductor manufacturing, including what the company says will become the largest chip fabrication site in American history.

The Boise, Idaho-based memory chip maker said Thursday it is accelerating domestic manufacturing and research spending, aiming to produce 40% of its DRAM memory chips in the United States. The company expects to spend more than $250 billion through 2035, driven by surging demand for memory chips tied to artificial intelligence.

"BIGGER INVESTMENTS JUST KEEP COMING!" Trump wrote on Truth Social, calling the announcement "The Trump Effect." He blamed previous Democratic administrations for slowing American manufacturing, writing, "They stalled everything. Not anymore!"

Micron said construction of its New York facility in Clay, N.Y., will require thousands of skilled workers, creating opportunities for union trades, apprentices, local training program graduates, specialty contractors and suppliers. The project, which marked its first concrete pour Thursday, is the largest private investment in New York state history and is expected to create 50,000 jobs statewide, including 9,000 direct Micron jobs.

Combined with semiconductor facilities in Idaho and Virginia, the New York project is expected to support an additional 90,000 jobs while advancing U.S. economic and national security goals, the company said.

Micron President and CEO Sanjay Mehrotra said the company increased its planned U.S. manufacturing and research investment from $200 billion to $250 billion. "Last week, I shared with President Trump that, because of his leadership and policies, Micron would announce today that we are ahead of schedule and increasing our U.S. manufacturing and R&D investment from $200 billion to $250 billion – creating 100,000 American jobs," Mehrotra said in a statement. He called it "another example of the Trump effect driving historic private-sector investment, American manufacturing, and job creation."

Commerce Secretary Howard Lutnick praised the announcement, saying, "The Trump economic model clearly shows there has never been a better time to invest in the United States." Kelly Loeffler, Administrator of the U.S. Small Business Administration, said the $250 billion investment is "exactly the kind of bold, American-made commitment that President Trump's agenda was designed to unleash."

Micron's MU stock page carries an Alpha Score of 79 out of 100, with a Strong label in the Technology sector. The company's planned spending through 2035 represents a significant bet on the longevity of AI-driven memory demand, though the multiyear timeline means execution risk remains tied to construction schedules and chip-market cycles.

The New York site is expected to become the largest chip manufacturing site in American history, the company said. No date has been set for production start.