The United States has seen a significant surge in investments in American chip manufacturing, with tech giants Apple and Micron announcing massive investments this week. Together, the two companies are committing nearly $300 billion to the industry.
As part of this effort, Micron has pledged to invest more than $250 billion through 2035 to build memory chips in the US. This move is being seen as a major boost to the country's semiconductor supply chain and a sign of growing confidence in the American economy.
The President has been vocal about the news, highlighting Micron's commitment to building memory chips in the US on his social media platform. In a statement, he praised the company's decision, saying "BIGGER INVESTMENTS JUST KEEP COMING! The Trump Effect is REAL!"
The President also pointed to the efforts of his administration, saying that they are "slashing the Radical Left's Job killing Regulations, and actually GETTING SHOVELS IN THE GROUND." He emphasized the importance of reshooting manufacturing to America and securing the country's supply chains.
Micron's Chairman, President, and CEO, Sanjay Mehrotra, said in a press release that the company is increasing its U.S. investments to meet the country's growing demand for data and memory. He also thanked the President and other leaders for their support, saying that it reflects the speed and determination behind the project.
The company is celebrating a major milestone, having completed the first concrete pour at its Clay, New York site. This marks the transition from site preparation to vertical construction and is seen as a significant step towards completing the project.
Commerce Secretary Howard Lutnick praised the President's efforts, saying that he has made it clear that America is where businesses should build their operations. He noted that the Micron project will create nearly 100,000 jobs and provide leading-edge memory supply in the US.
Apple has also joined the effort, investing $30 billion in US chip manufacturing in partnership with Broadcom. The company will produce 15 billion chips, which will be used to deliver high-performance and connectivity to its customers.
Apple CEO Tim Cook praised the President and his administration for supporting the project, saying that it will deepen the company's investments in U.S.-based suppliers that share its commitment to excellence and innovation.
