Micron to invest up to $3B in US chip supply chain, fueling the AI infrastructure crypto miners depend on

Micron Technology will invest up to $3 billion in its Manassas, Virginia facility to produce advanced DRAM and high-bandwidth memory chips for AI data centers and crypto mining. The expansion, backed by the CHIPS Act and state incentives, will create 340 jobs and is part of Micron's $200 billion US commitment.

Micron to invest up to $3B in US chip supply chain, fueling the AI infrastructure crypto miners depend on The memory giant's Virginia expansion targets advanced DRAM and high-bandwidth memory chips that power everything from AI data centers to proof-of-work mining rigs. Micron Technology is pouring up to $3 billion into its semiconductor manufacturing facility in Manassas, Virginia, upgrading production lines to churn out advanced DRAM and high-bandwidth memory HBM chips. The investment, revised upward from an earlier projection of $2.17 billion, is part of a broader $200 billion commitment to domestic chip manufacturing. The expansion will create roughly 340 new jobs at the Manassas facility, where Micron has operated since 2002. It is backed by federal incentives through the CHIPS Act and up to $70 million from the state of Virginia. The bigger picture: $200 billion and the CHIPS Act This Virginia project is one piece of a much larger puzzle. Micron has committed approximately $200 billion to US-based semiconductor infrastructure, a figure detailed around mid-2025 that includes new fabrication facilities in New York and Idaho. The CHIPS Act, signed into law in 2022, provides the federal incentive framework that makes investments of this scale financially viable for chipmakers. Micron CEO Sanjay Mehrotra has emphasized the importance of bipartisan support for US technology leadership. Micron’s 2018 investment in the same Manassas facility offers a useful comparison. That earlier round was also pegged at $3 billion but projected the creation of 1,100 jobs over time. The current expansion’s 340-job figure suggests a more automation-heavy, capital-intensive approach. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .