Washington, July 11 -- US President Donald Trump on Saturday said Micron Technology is accelerating its US manufacturing plans and increasing investment to $250 billion, calling it a direct result of his administration's policies on deregulation and supply chains.

In a post on Truth Social, Trump highlighted the Micron announcement as part of a broader push to bring semiconductor production back to the United States.

"Last week, I shared with President Trump that, because of his leadership and policies, Micron would announce today that we are ahead of schedule and increasing our U.S. manufacturing and R&D investment from $200 billion to $250 billion--creating 100,000 American jobs," Trump quoted Micron's leadership as saying.

The presi...