Micron Technology is deepening its commitment to U.S. chip manufacturing with a new $30 billion expansion plan that brings its total pledged investment to $200 billion, the company announced Thursday. This expanded commitment coincides with the finalization of a $275 million CHIPS and Science Act funding contract for its Virginia facility — the latest milestone in the federal government’s ongoing effort to bolster domestic semiconductor production.

Of the $200 billion total, $150 billion will support growth in Micron’s memory chip manufacturing across New York, Idaho, and Virginia, while $50 billion will go toward research and development. The new $30 billion portion of the investment includes plans to construct a second fabrication plant in Boise, Idaho, expand the Manassas, Virginia facility, and increase high-bandwidth memory packaging capabilities.

These projects are expected to generate 90,000 direct and indirect jobs, reflecting the scale and long-term vision of Micron’s commitment to U.S. chipmaking.

The announcement comes amid growing momentum from other CHIPS Act awardees to increase their financial stakes. Micron is among the first recipients to adjust its funding status since President Donald Trump took office. The company had previously secured $6.2 billion in CHIPS Act funding, which supports expansions in both Idaho and New York. The recently finalized $275 million contract will go toward modernizing its Manassas operations.

According to a securities filing, Micron finalized its contract with the federal government for the Virginia portion of its CHIPS funding on June 11.

Meanwhile, Commerce Secretary Howard Lutnick acknowledged during a recent congressional budget hearing that his department is actively working to adjust funding arrangements: “We’re renegotiating CHIPS funding contracts for the benefit of the American taxpayer.”

Micron joins other chipmakers responding to the government’s push. Just last week, GlobalFoundries — set to receive $1.5 billion in federal funding — committed another $3 billion to U.S. chip manufacturing. And back in March, Taiwan Semiconductor Manufacturing Co. pledged an additional $100 billion for domestic operations, on top of its $6.6 billion CHIPS grant.

Micron has been actively growing its U.S. footprint over the past few years. In 2022, the company unveiled plans to invest $100 billion over 20 years in Clay, New York, to build what it called the largest chip fabrication plant in the country. It is also mid-construction on a $25 billion facility in Boise, which will now be accompanied by the second fab under the updated investment plan.

The new facilities will support production of both dynamic random-access memory (DRAM) chips and high-bandwidth memory (HBM), critical for powering everything from smartphones to AI systems. Micron said it’s on track to begin DRAM production in Idaho in 2027, with site preparation in New York set to begin later this year.

Interestingly, the company expects its second Idaho fab to be operational before the first New York facility is completed. The Idaho site will focus on high-bandwidth memory production, further cementing the region's role in Micron’s future.

While it’s unclear how much of the CHIPS funding Micron has actually received, the company noted in a Thursday press release that it has already hit “key construction milestones” for its first Idaho fab. A spokesperson, however, declined to comment on the specific status of fund disbursement from the Commerce Department.

Originally reported by Kate Magil in Construction Dive.