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Micron CEO Sanjay Mehrotra Announces $250 Billion Investment for Expanded Artificial Intelligence (AI) Memory Chip Development

The Motley Fool·
Micron CEO Sanjay Mehrotra Announces $250 Billion Investment for Expanded Artificial Intelligence (AI) Memory Chip Development

Micron Technology announced a $250 billion investment plan through 2035 to expand domestic U.S. manufacturing capacity for DRAM and high-bandwidth memory (HBM) chips. The company aims to capture a larger share of the AI memory market by building new fabrication facilities in New York, Idaho, and Virginia, positioning itself to compete with overseas rivals SK Hynix and Samsung while meeting hyperscalers' growing demand for AI infrastructure.

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