Micron Technology, the largest manufacturer of memory chips in the U.S., has caused shockwaves in the industry with its plans to inject $200 billion to rapidly expand its manufacturing capacity in order to address the booming demand for memory chips that are vital in many electronic devices like laptops and smartphones, as well as AI data centers and electric vehicles.

As many companies like Nvidia Corp. (NASDAQ: NVDA) design more advanced AI processors, more memory capacity that can run faster is needed and Micron is looking to leverage this demand to grab a…

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