Micron Boosts US Semiconductor Investment to $250B+
Micron plans to invest up to $3 billion to strengthen the US semiconductor supply chain and raises its total planned US investment to over $250 billion through 2035, expecting to create over 90,000 jobs. The stock rose over 6% on the day.
MU
Micron ($MU) announced plans to invest up to $3 billion to "strengthen the US semiconductor supply-chain ecosystem." The company also raised its total planned US investment to over $250 billion through 2035, which it expects to create more than 90,000 jobs.
Following the news, Micron stock extended its gains to over +6% on the day.
Source: The Kobeissi Letter