Micron shares jump 3% after announcing investment plan of up to $300 million in the US
Micron shares rose 3% in premarket trading after the company presented an investment plan of up to $300 million to secure its semiconductor supply chain in the United States. The project includes funding to expand Indium Corporation's facilities in Rome, New York, and a long-term contract for the supply of high-purity minerals. The figure is part of a broader plan of more than $250 billion in factories and technology in the US through 2035.
In 40 seconds
- Micron announced an investment plan of up to $300 million to secure its semiconductor supply chain in the US.
- The plan includes funding to expand Indium Corporation's facilities in Rome, New York, alongside a contract for high-purity minerals supply.
- The company expects to invest more than $250 billion in factories and technology in the US through 2035.
Read the full story at XTB.com
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.
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