One day before SK Hynix's American Depositary Receipt (ADR) listing in the U.S., Micron has announced a massive investment plan within the United States.

Micron announced on July 9 (local time) that it will expand its investment in U.S. fabs (semiconductor production plants) and technology to over $250 billion (approximately 375 trillion won) by 2035, in response to the surging demand for memory in the artificial intelligence (AI) era.

This investment includes the costs for the fab currently under construction in Clay, New York, as well as expansion costs for facilities in Idaho and Virginia.

Micron added that it has completed the first concrete pouring for the New York fab more than a quarter ahead of schedule.

The company expects that these investments will support its goal of producing 40% of its DRAM in the U.S. and will create more than 90,000 jobs across the country.

The Donald Trump administration has pledged to ensure that 40% of the world's semiconductors are produced within the U.S. by the end of its term, and Micron has previously stated its goal to align with this by producing 40% of its DRAM domestically.

In addition, Micron plans to invest up to $3 billion (4.5 trillion won) to strengthen the semiconductor supply chain ecosystem within the U.S.

Of this amount, $500 million will be used to support the expansion of a wafer manufacturing facility in Texas owned by the Taiwanese company GlobalWafers, alongside a 10-year long-term supply agreement.

CEO Sanjay Mehrotra emphasized, "As the United States approaches its 250th anniversary, data and memory have become the cornerstones of the modern economy," adding, "To keep pace with this era, we are expanding our U.S. investment to over $250 billion by 2035."

Micron had initially planned to invest $170 billion in the U.S., but increased that figure to $200 billion in June of last year—following the inauguration of the Trump administration—due to the explosive demand for High Bandwidth Memory (HBM). The company has now increased that commitment by an additional $50 billion.

(Photo: Provided by Micron, Yonhap News)