Micron is planning to invest $200 billion to boost chip manufacturing in the US.

In a statement announcing the funding, the Department of Commerce said President Donald Trump had secured the investment, and it marked “part of the Trump administration’s push to restore America’s manufacturing strength, advance America’s role as a technology leader, and put American workers first.”

The $200bn figure represents a $30bn increase on the company’s previously announced investment plans.

The additional investment will be used to support the construction of a second memory fab in Boise, Idaho, two additional fabs in New York, and the expansion of its manufacturing facility in Manassas, Virginia.

Under the Biden Administration, Micron was awarded $6.165 billion in direct funding as part of the CHIPS and Science Act to support the construction of three new memory chip fabs in Clay, New York, and Boise, Idaho. The company had pledged to invest approximately $100bn in New York and $25bn in Idaho, which will create approximately 20,000 jobs.

The Department of Commerce said that as a result of the additional investment, a further $275 million in incremental CHIPS Act direct funding has been awarded to Micron.

While President Trump is yet to place specific tariffs on semiconductors, following Trump’s decision to impose wide-ranging “liberation day” tariffs in April – which saw a baseline tariff of 10 percent has now been placed on imported goods coming into the US – Micron announced plans to impose a surcharge on some products, including memory modules and SSDs (solid-state drives).

Micron is not the only company to have announced plans to increase its investments in US-based chip manufacturing efforts in the wake of Trump’s pledge to impose a “100 percent tax” on the overseas production of chips.

In March, TSMC announced that it would invest $100bn into the US after President Trump criticized Taiwan for 'stealing' America's chip business, said that the CHIPS Act was a failure, and threatened tariffs.

Then in April, Nvidia unveiled plans to produce AI supercomputers 'entirely' in the US, saying it would work with its manufacturing partners to commission more than a million square feet of manufacturing space to build and test Blackwell GPUs in Arizona and AI supercomputers in Texas.

That same month, AMD said it would bring up and validate its fifth-generation Epyc CPUs – previously known as Turin – at TSMC’s new chip fab in Arizona.

Additionally, this week GlobalFoundries announced it is investing an additional $3bn to boost semiconductor manufacturing at its facilities in New York and Vermont, bringing its total investment in the US to $16bn.