Micron Technology shares rose 7% on Thursday as the company unveiled a new round of investments designed to strengthen the U.S. semiconductor supply chain.
The memory chip manufacturer also announced plans to accelerate its domestic spending through 2035, signaling a long-term commitment to onshoring production capacity.
The market reaction extends a positive streak for the stock, which jumped approximately 10% in after-hours trading on Wednesday following quarterly profit and revenue forecasts that significantly exceeded analyst expectations.
The combination of strong financial performance and expanded capital expenditure plans has reinforced investor confidence in Micron’s growth trajectory amid rising demand for advanced memory solutions.
The investment announcement aligns with broader industry trends as semiconductor firms seek to bolster domestic manufacturing capabilities in response to geopolitical supply chain risks and supportive U.S. policy frameworks.
By extending its spending horizon to 2035, Micron is positioning itself to capture a larger share of the growing market for high-bandwidth memory and other advanced chips critical to artificial intelligence infrastructure.