Trump touts Micron Technology $250B memory chip investment as 'The Trump Effect'

Key Points:

• Micron Technology announced plans to invest $250 billion in U.S. semiconductor manufacturing by 2035, aiming to produce 40% of its DRAM memory chips domestically and build the largest chip manufacturing site in American history in New York.
• The New York facility alone is expected to create 50,000 jobs statewide, including 9,000 direct Micron jobs, with additional facilities in Idaho and Virginia supporting 90,000 more jobs, advancing U.S. economic and national security goals.
• President Donald Trump credited his policies for accelerating Micron's investment, calling it "The Trump Effect" and criticizing previous Democratic administrations for regulatory delays and economic mismanagement.
• Micron CEO Sanjay Mehrotra highlighted the increase from $200 billion to $250 billion in planned U.S. manufacturing and R&D investments, emphasizing the creation of 100,000 American jobs driven by surging AI-related memory chip demand.
• Commerce Secretary Howard Lutnick and SBA Administrator Kelly Loeffler praised the investment as a significant boost to domestic manufacturing and small business opportunities, aligning with Trump's economic agenda.