(Reuters) -Micron Technology said on Thursday it was planning to expand its U.S. investments in domestic memory manufacturing to about $150 billion and in R&D to $50 billion.
Shares of the chipmaker fell about 1% in premarket trading.
This marks an additional investment of $30 billion beyond prior plans, Micron said.
The additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding an existing manufacturing facility in Manassas, Virginia.
Micron’s investment aims to bring advanced packaging capabilities to the U.S.- a manufacturing technique essential to high bandwidth memory (HBM), which is employed extensively in the AI market, the company said.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Anil D’Silva and Maju Samuel)
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