The reason for the sharp increase in Micron Technology.

Storage chip stocks received positive news, Micron Technology's stock price soared on the evening of July 9th. In terms of news, Micron Technology stated that in order to meet the unprecedented demand for storage chips brought about by the rapid expansion of artificial intelligence infrastructure, the company plans to increase the investment scale of its new factory in the United States to $250 billion. Micron Technology stated on Thursday that this means an additional $50 billion investment on top of the previously committed $200 billion expansion plan in the United States. This expansion plan covers multiple projects in states such as New York, Idaho, and Virginia, with investments expected to continue until 2035. Micron Technology also stated in another announcement that they will invest an additional $3 billion to strengthen the domestic semiconductor supply chain in the United States, including providing $500 million in strategic financing to supplier GlobalFoundries. The two parties have signed a 10-year cooperation agreement. According to the statement, this agreement will ensure that Micron Technology receives a large number of raw material silicon wafer capacities to support its long-term manufacturing plans, and further strengthen the key semiconductor manufacturing ecosystem in the United States. Ben Tessone, Senior Vice President and Chief Procurement Officer of Micron Technology, stated in the announcement: "Micron Technology's strategic investment in the U.S. semiconductor ecosystem, as well as GlobalFoundries constructing a silicon wafer manufacturing plant in the United States, reflects our commitment to enhancing supply security, deepening cooperation with key suppliers, and supporting the expansion of the U.S. semiconductor supply chain and manufacturing infrastructure."