Micron CEO Sanjay Mehrotra Announces $250 Billion Investment for Expanded Artificial Intelligence (AI) Memory Chip Development
The company intends to significantly invest in DRAM and HBM manufacturing through 2035.
Overview
In the age of artificial intelligence (AI) infrastructure, Micron Technology's (NASDAQ: MU) plan to invest more than $250 billion in U.S. fab expansions marks an aggressive escalation. This capital outlay aims to scale the company's DRAM manufacturing while laying the groundwork for higher-volume high-bandwidth memory (HBM) production.
By deepening production at domestic facilities, Micron is increasingly positioned to capture a larger share of the AI memory supercycle amid fierce competition from SK Hynix and Samsung.
Image source: Micron Technology.
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Originally published at www.fool.com.
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