STOCKS | Trump Says Micron Plans $250 Billion U.S. Investment to Make Memory Chips

U.S. President Donald Trump said Micron is accelerating spending in the United States and plans to invest $250 billion to manufacture memory chips domestically. According to Jin10, Trump wrote on a social media platform that the move is part of bringing manufacturing back to the United States and securing supply chains, and that it would create thousands of high-quality jobs across the country. Trump also reposted remarks attributed to Micron Technology CEO Sanjay Mehrotra. Mehrotra said that last week he told Trump that, due to Trump’s leadership and policies, Micron would announce that it is ahead of schedule and will increase its U.S. manufacturing and research and development investment from $200 billion to $250 billion, creating 100,000 U.S. jobs. Mehrotra described the plan as another example of the “Trump effect” driving what he called historic private-sector investment, U.S. manufacturing, and job creation.