Micron Pledges $200 Billion Investment in US Manufacturing

Micron to Invest About $200 Billion in US Chip Manufacturing

Chipmaker Micron Technology Inc. said it will spend about $200 billion on US manufacturing, research and development, the latest company to pledge large-scale investments in the country since President Donald Trump won election.

The spending will include roughly $150 billion for domestic manufacturing capacity and another $50 billion for R&D, it said in a statementBloomberg Terminal Thursday. Micron said the total represents an increase of $30 billion beyond what it had previously planned.