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micron Shares rose 7% on Thursday as the company announced a new investment round aimed at strengthening the U.S. semiconductor supply chain and plans to accelerate spending in the country through 2035.
The new strategic investment of up to $3 billion includes $500 million for Taiwan-based GlobalWafers to expand wafer development and manufacturing at its Texas facility, as well as a 10-year supply agreement for raw silicon wafer production capacity.
“Ensuring a reliable supply of critical inputs is essential to supporting Micron’s long-term growth and technology roadmap,” Ben Tessone, Micron’s chief procurement officer, said in a press release.
In a separate announcement, the company also said it would increase its U.S. investment plans by about $50 billion to $250 billion by 2035, as demand for memory surges as it builds out artificial intelligence.
Other names in the chip industry also rallied Thursday. applied materials, KLA Corporation and ram research 7% increase; ARM Holdings Increased by 11%.
Micron’s stock price rise on Thursday is just the tip of the iceberg when considering the stock’s growth this year. The stock price soared more than 250% in 2026, and in May the company’s market capitalization reached $1 trillion for the first time.
Micron’s significant investments in the U.S. have also brought new and expanded facilities in several cities where the company operates, as it seeks to meet the surge in memory demands associated with running and processing AI workloads.
Construction is underway on two new plants at the company’s Boise, Idaho, headquarters, and on Thursday the company poured the first concrete at the new plant in Clay, New York.
Micron’s New York facility will be the largest semiconductor manufacturing site in U.S. history, the company said in a release.
