Micron Technology to build $15bn memory-chip manufacturing facility in US

WCN Editorial Team 2 Sep 2022 NORTH AMERICA ENERGY & UTILITIES

 MicronTechnology has announced its plans to invest about $15bn over ten years to build a new memory-chip manufacturing facility in Boise, Idaho, the US.

This is claimed to become the first new memory manufacturing fab built in the US in two decades.

The facility will cater to the growing requirements of market segments such as automotive and data centre, fueled by speedy adoption of artificial intelligence and 5G.

This is the first of the company’s planned US investments after the passage of the CHIPS and Science Act.

The investment will create around 17,000 jobs including 2,000 direct Micron jobs by the end of the decade.

Last month, US President Joe Biden signed a bill to offer $52.7bn in subsidies for semiconductor production and research in an effort to make the US more competitive, reported Reuters.

Biden said: "The announcement by Micron is another big win for America. We will make EVs, chips, fiber optics and other critical components here in America and we will have an economy built from the bottom up and middle out."

The company did not provide details of the new facility's capacity or what type of chips will be manufactured.

This announcement by the firm is part of its plans to invest over $150bn globally over the next decade in production and R&D.
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Image: The facility will cater to the growing requirements of market segments such as automotive and data centre. Credit: Peter H from Pixabay.

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