00:00Let's look to Micron and some of the investment we're seeing right now.
00:03Micron up by more than 6%, climbing high this morning.
00:05The company pledging up to $3 billion to strengthen the U.S. semiconductor supply chain.
00:10Ed Ludlow tracking a story for us.
00:12Ed, what's your reaction to that?
00:13The number's not massive.
00:14What's your response?
00:15The number's not massive, but every memory chip starts with a silicon wafer,
00:18and silicon wafers take a very long time and lots of money to get right on the yield side.
00:23So $3 billion, $500 million specifically, is going to Global Wafers,
00:27a supplier of silicon wafers.
00:29I would also point out for size and scope, like Micron this week made a $250 million contribution
00:34to the Trump Accounts Initiative.
00:37So this is a company that's committed to spend around $200 billion over time
00:41to onshore its supply chain and build its own capacity in the United States.
00:45The reaction in the stock is interesting.
00:47That is a big number and a big move.
00:49But we've talked endlessly about the pressure memory names have been under,
00:53and maybe it's more in the context of SK that this is kind of getting now some trade and some
00:59enthusiasm.
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