Micron jumps over 6% after company announces $3 billion investment in semiconductor supply chain eco-system in US

Micron Technology shares will remain in focus on Thursday after the company announced a mega capex plan for the chip supply chain in the US. The shares rallied 6.4% in the pre-market session, indicating an opening above the $1,000 per share mark.

The company announced the mega investment plan through a press release. The press release said, “Micron Technology, Inc. announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply-chain ecosystem and enable the critical semiconductor manufacturing footprint needed for future technology innovation”.

In addition to this, the company also raised its planned investment target to $250 billion through 2035. The announcement came on Thursday, when the company laid the foundation concrete slab of what is believed to become the world’s largest semiconductor manufacturing site in US history.

The aim is to secure a reliable supply of key raw materials required for critical manufacturing, enhancing supply assurance, improving long-term planning flexibility and supporting growing demand for advanced memory and storage solutions driven by AI and other data-sensitive technologies, said the company.

To secure a reliable supply of key raw materials, the company will invest $500 million in GlobalWafers Co. Ltd, a strategic supplier of silicon wafers. The company will provide strategic financing to develop a 300 mm silicon wafer manufacturing facility in Sherman, Texas.

In addition to this, the company will also sign a 10-year supply agreement with the GlobalWafers Co. to provide Micron with significant raw silicon wafer capacity to support its long-term manufacturing plans.

Commenting on the $3 billion investment by Micron, U.S. Secretary of Commerce Howard Lutnick said, “Micron’s pledge of $3 billion to strengthen the U.S. semiconductor supply chain and expand domestic manufacturing capabilities is making the United States stronger in a sector that is vital to our economy and our technological leadership.

Micron shares have been the second biggest performer in the NASDAQ 100 index by delivering 221% in 2026 on a YTD basis. As compared to last year, the shares have rallied over 674% as investor sentiment remained bullish on chip making companies across the globe.