Micron Pledges $30 Billion More to US Chipmaking as Trump Pushes for Better Deals

Commerce Secretary Howard Lutnick has said he is renegotiating several Biden-era deals with chipmakers to secure more favorable terms.

A view of a building where the facilities of U.S. semiconductor giant Micron is located in Shanghai on May 22, 2023. Hector Retamal/AFP via Getty Images

Micron Technology said on Thursday it will invest an additional $30 billion in the domestic semiconductor industry, becoming the latest chipmaker to answer President Donald Trump’s call for bringing more investment to the United States.

The move brings Micron’s total planned U.S. investment to approximately $200 billion, which the company said will help create some 90,000 jobs.