June 12 (UPI) -- The Commerce Department said Thursday that Micron Technology Inc. plans to invest $200 billion in semiconductor manufacturing in the United States.
Commerce Secretary Howard Lutnick said in a statement, "In partnership with the Department of Commerce, Micron is announcing a $200 billion semiconductor manufacturing and R&D investment to bring the full spectrum of memory chip production back to the United States. Micron's planned investment will ensure the U.S. advances its lead across critical industries like AI, automotive, and aerospace & defense."
The Commerce Department framed the investment as part of what it said is the Trump administration's "push to restore America's manufacturing strength, advance America's role as a technology leader, and put American workers first."
According to the Commerce Department, it previously awarded up to $6.165 billion in CHIPS Act direct funding during the Biden administration on Dec. 10, 2024.
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