Micron Technology announced a $200 billion investment to expand its semiconductor manufacturing and research facilities in the United States.
This includes $150 billion for domestic memory chip production and $50 billion for research and development. The investment aims to create about 90,000 direct and indirect jobs across the semiconductor industry.
The company plans to build a second advanced memory chip plant in Boise, Idaho, and expand its existing facility in Virginia.
Additionally, Micron will develop up to two new fabrication plants in New York. These expansions will support the production of high-bandwidth memory (HBM), a crucial component for artificial intelligence data centers.
Micron expects its two Idaho plants to produce 40% of its DRAM memory domestically, starting with the first plant scheduled to begin production in 2027. The New York megafab project will begin groundwork later this year, pending environmental reviews.
Micron CEO Sanjay Mehrotra said the investment will strengthen America’s technology leadership, secure a domestic semiconductor supply, and create tens of thousands of jobs.
The company is receiving approximately $6.5 billion in funding from the U.S. CHIPS and Science Act to support these efforts.
This move aligns with broader U.S. government initiatives to boost domestic semiconductor manufacturing and reduce reliance on foreign chip production. Other companies like SK Hynix are also investing in U.S. facilities to produce advanced memory chips.
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