India, July 10 -- Micron Technology Inc. announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply-chain ecosystem and enable the critical semiconductor manufacturing footprint needed for future technology innovation.

The investment reflects Micron's commitment to securing a reliable U.S. supply of critical manufacturing materials, enhancing supply assurance, improving long-term planning flexibility, and supporting the growing demand for advanced memory and storage solutions driven by artificial intelligence and other data-intensive applications.

As part of Micron's planned investment into the U.S. supply chain, the company will provide GlobalWafers Co., Ltd. with $500 million in strategic financing support ...