Micron to invest up to $3 billion in US chip supply chain

Micron logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration

09 Jul 2026 08:34PM

(Updated: 09 Jul 2026 08:48PM)

July 9 : Micron Technology said on Thursday it plans to invest up to $3 billion to strengthen the U.S. semiconductor supply-chain, as the memory chip firm moves to secure critical manufacturing materials amid surging AI-driven demand.Shares of the company extended gains, and were up more than 6 per cent in premarket trading.As part of the plan, Micron will provide $500 million in strategic financing to advance GlobalWafers' 300 mm raw silicon wafer manufacturing facility in Sherman, Texas.The two companies will also enter into a 10-year supply agreement that will provide Micron access to significant raw silicon wafer capacity to support its long-term manufacturing plans, according to the statement.

Source: Reuters