Micron Technology(US:MU) Bloomberg Technologyยท2025-06-13 13:35Semiconductor Industry & Investment - Micron is increasing its investment in US R&D, committing an additional $30 billion beyond previous plans [3] - Micron's total US manufacturing and research projects now amount to under $200 billion [3] - The investment is expected to create 90,000 direct and indirect jobs [6] - Supply constraints exist in the high-bandwidth memory (HBM) market, particularly for NVIDIA's GPUs and hyperscalers [7][8] - SK Hynix is the leader in HBM, but Micron is stepping up to gain market share [8] Fintech & IPO Market - Fintech firm Chime priced above range in its IPO, raising $864 million [1][39] - Chime's active member base grew by over 23% in Q1 [42] - Payments account for 72% of Chime's revenue [45] - Chime has 86 million members [63] Aerospace & Aviation Industry - A Boeing 787 Dreamliner crashed in India, resulting in over 200 fatalities [1][29][30] - The crash is the worst involving a Boeing 787 Dreamliner and one of the worst commercial airline crashes in years [29] - The incident impacts Boeing's stock and complicates efforts to ramp up production of the 737 narrowbody [49][33] AI & Technology Policy - Oracle's backlog of business obligations is about $130 billion [50] - Oracle projects topline growth of 77% within this fiscal year [50] - Mattel is partnering with OpenAI to use AI in toy design, potentially creating digital assistants based on Mattel characters [37][38] - A startup named Nominal raised $75 million in Series funding to build software to test hardware for space, energy, and defense companies [73]