Micron gains on $250 billion US investment plan

Micron Technology

09/07/2026 16:45

** Micron's MU.O shares rise 7.3% to $1,018.90 
** Chipmaker on Thursday says it plans to invest more than $250 billion in the U.S. through 2035
** New investment plan represents a jump from the $200 billion that MU announced last year
** Central to Micron's expanded investment plans is its New York semiconductor campus, which, along with MU's Idaho and Virginia expansions, is expected to create 90,000+ U.S. jobs
** MU will also invest $3 billion in the U.S. semiconductor supply chain, including $500 million for GlobalWafers' Sherman, Texas facility and sign a 10-year supply deal to support Micron's long-term manufacturing
** Micron has surged over 200% so far this year


 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))