The Boise-based technology company<\/a> announced Thursday the billion-dollar investment will help Micron\u2019s long-term objective of producing 40% of its DRAM chips in the United States.<\/p>\n “The demand for memory is at unprecedented levels. Memory is in deep shortage right now,” Mehrotra told “The Claman Countdown” Thursday.<\/p>\n With existing semiconductor facilities in Idaho and Virginia, Micron is expanding its footprint by opening a new manufacturing site<\/a> in central New York.<\/p>\n OREGON DATA CENTERS FACE SHARP ELECTRICITY RATE HIKE UNDER NEW LAW<\/a><\/p>\n Sanjay Mehrotra, CEO of Micron, testifies during a Senate Commerce, Science, and Transportation hearing on semiconductors March 23, 2022.\u00a0 (Tom Williams\/CQ-Roll Call, Inc via Getty Images \/ Getty Images)<\/p>\n FOX Business’ Liz Claman joined the CEO during the first concrete pour at the new location.<\/p>\n \ud83d\udd0d Got a story tip? Email nora.moriarty@fox.com<\/a><\/p>\n Mehrotra told Claman memory is the key enabler of AI innovation<\/a> and said data centers make up more than 50% of the demand.<\/p>\n “Memory is essential to AI,” he said. “AI is driving the demand, and that’s where the value of memory is really high because it enables the performance of AI.”<\/p>\n U.S. Commerce Secretary Howard Lutnick discusses President Donald Trump’s trade policy on ‘The Claman Countdown.’<\/p>\n More memory allows AI to increase accuracy, speed and intelligence, Mehrotra explained.<\/p>\n But while data centers are driving demand for Micron, the need for memory also stems from virtually every modern technology, including smartphones<\/a>, computers and cars, that rely on data storage.<\/p>\n WORKERS WHO DON’T USE AI MORE LIKELY TO BE LAID OFF, SURVEY FINDS<\/a><\/p>\n “Data Center Alley” during high temperatures in Sterling, Va., June 23, 2025. (Pete Kiehart\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n “The demand is very strong for memory today,” the CEO said. “Memory is critical for AI across data center, consumer devices, automotive, industrial, defense, aerospace.<\/p>\n “Your phone, your PC, your car, they all need memory,” he added. “Automobiles, fully self-driving cars are like data centers on wheels. They require a lot of memory and storage.”<\/p>\n \ud83d\udcf2 More stories at @newswithnora on X<\/p>\n Micron\u2019s technologies, including DRAM, NAND and NOR chips, support the evolution of compute-intensive applications and artificial intelligence platforms. The company plans to invest $3 billion<\/a> in the domestic semiconductor industry to strengthen America\u2019s manufacturing footprint.<\/p>\n Mehrotra said demand will only grow as advanced technologies continue to evolve, noting that more sophisticated systems require greater computing power and memory capacity.<\/p>\n Micron Technology headquarters in Boise, Idaho, March 28, 2021 (\u00a0Jeremy Erickson\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n “In the future, when we look at robotics coming in, fully self-driving cars, these all need intelligence. Intelligence is about data. Where does data live? It lives in the memory,” he said.<\/p>\n Micron expects the initiative will create thousands of direct and indirect jobs<\/a> while expanding domestic chip manufacturing.<\/p>\n![\"Sanjay](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/sanjay-mehrotra.jpg\")
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