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Micron Expands US Investment by $30 Billion Amid Trump’s Onshoring Push

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Micron Technology announced on Thursday a significant expansion of its U.S. investment plans, adding $30 billion to its existing commitments as President Donald Trump intensifies efforts to bring semiconductor manufacturing back to American soil. The memory chip maker now projects total investments of $200 billion, up from previous plans of approximately $125 billion.

The new funding will support the construction of a second cutting-edge memory fabrication facility in Boise, Idaho, and the expansion of its manufacturing site in Manassas, Virginia. “These investments are designed to allow Micron to meet expected market demand, maintain share and support Micron’s goal of producing 40% of its DRAM in the U.S.,” the company stated.

Micron’s DRAM chips are widely used in personal computers, automotive systems, industrial equipment, wireless communications, and artificial intelligence. The company’s High-Bandwidth Memory (HBM) products are seen as essential for powering next-generation AI models. About $50 billion of Micron’s total investment will be dedicated to research and development.

President Trump’s administration has pushed hard for semiconductor onshoring, with Trump threatening new tariffs on chip imports and reconsidering previous subsidies granted under former President Joe Biden. In December, Micron secured nearly $6.2 billion in government subsidies through Biden’s $52.7 billion 2022 CHIPS and Science Act. Trump’s administration is now renegotiating some of those grants, according to Commerce Secretary Howard Lutnick.

The expansion aligns with broader trends in the U.S. semiconductor industry. Nvidia, a key customer of Micron, announced plans in April to build AI servers worth up to $500 billion in the U.S. over the next four years, in partnership with firms such as Taiwan’s TSMC. “Micron’s investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from (the) Trump administration, is an important step forward for the AI ecosystem,” said Nvidia CEO Jensen Huang.

Micron also finalized a $275 million direct funding award under the CHIPS Act to further support its Manassas facility expansion.

Trump’s Government Cuts Could Hurt Republicans in Key House Race

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For nearly a decade, former President Donald Trump has championed shrinking the federal government and “draining the swamp.” However, one Republican running in a critical House race is stepping back from Trump’s plans, which could severely impact the economy in his district.

Derrick Anderson, the Republican candidate for Virginia’s seventh congressional district, is distancing himself from Trump’s proposals to move 100,000 federal workers out of the D.C.-Maryland-Virginia region and to fire “rogue bureaucrats.” These policies, while resonating with Trump’s base, could deal a blow to an area where nearly 60,000 federal employees live. Federal contractors also contribute significantly to the local economy.

Anderson said he would oppose any legislation that might harm jobs or increase the cost of living in his district, adding, “This is my home district, and I’ll do everything I can to protect it.”

Anderson’s race is among the most competitive in the country, and his selective alignment with Trump reflects a broader strategy Republicans are employing in districts that supported President Biden in 2020. To enact their 2025 agenda, Republicans need to win in several such swing districts.

Anderson faces Democrat Eugene Vindman, brother of Alexander Vindman, who testified against Trump in the 2019 impeachment trial. Vindman’s campaign has far outpaced Anderson’s in fundraising, with $7.5 million raised compared to Anderson’s $1.4 million by June 30.

Trump’s plans, part of his “Agenda 47,” also include making it easier to fire civil servants and replacing them with political appointees under a controversial “Schedule F” executive order. This move could affect tens of thousands of federal employees, particularly in Virginia’s seventh district.

Eugene Vindman warns that Trump’s plan would devastate the local economy, affecting not just federal employees but also contractors and other associated jobs. Economic analysts estimate that losing 100,000 federal jobs could eliminate 160,000 jobs in total, resulting in a projected $27-28 billion hit to Virginia’s economy.

Trump’s proposals could turn the Virginia-O7 race into a referendum on the role of federal workers, with potentially far-reaching consequences for Republicans in 2024.