Micron Technology announced on Thursday that it is increasing its U.S. investments by $30 billion, bringing its total planned spending to $200 billion. This move comes as former President Donald Trump pushes for more domestic manufacturing and considers imposing new tariffs on semiconductors.

Previously, Micron had pledged around $100 billion for a New York facility and $25 billion for Idaho. In December, the Biden administration’s Commerce Department granted the company nearly $6.2 billion in subsidies through the $52.7 billion CHIPS and Science Act to support chip production in those states.

While Trump has threatened to eliminate the CHIPS Act, his administration is currently reviewing and renegotiating some of the grants issued during Biden’s term, according to Commerce Secretary Howard Lutnick. Micron’s new investment includes building a second advanced memory chip facility in Boise, Idaho, and expanding its Manassas, Virginia, plant. These initiatives aim to meet growing market demand and achieve the company's target of producing 40% of its DRAM chips domestically.

DRAM chips are essential for devices ranging from PCs and vehicles to AI systems and wireless tech. Micron’s high-bandwidth memory is particularly important for powering next-generation AI applications. Micron also plans to spend around $50 billion on research and development. Nvidia CEO Jensen Huang emphasized that Micron’s investment, supported by the Trump administration, is a vital development for the U.S. AI ecosystem. Additionally, Micron has secured a $275 million funding award under the CHIPS Act to further enhance its Manassas operations.