08:56 AM EDT, 06/12/2025 (MT Newswires) -- Micron Technology ( MU ) said Thursday it plans to invest roughly $150 billion in local memory manufacturing and $50 billion in research & development in the US, which is expected to create 90,000 direct and indirect jobs.

The company intends to invest an additional $30 billion beyond its previous plans, which include constructing a memory fab in Boise, Idaho, expanding its current production site in Manassas, Virginia, and introducing advanced packaging capabilities in the country, it said.

"Micron's planned investment will ensure the U.S. advances its lead across critical industries like AI, automotive, and aerospace & defense," US Secretary of Commerce Howard Lutnick was quoted as saying by Micron.

Micron shares were 1% lower in recent premarket activity.