Micron Technology Unveils $200 Billion U.S. Investment Plan, Projecting 90,000 Jobs
Micron Technology has announced an ambitious plan to invest approximately $200 billion in the U.S. semiconductor industry, focusing on memory manufacturing and research and development (R&D). This initiative is expected to generate around 90,000 direct and indirect jobs. The investment includes a substantial $150 billion dedicated to domestic memory manufacturing and an additional $50 billion allocated for R&D.
The company’s latest plans include an additional $30 billion investment for the construction of a second cutting-edge memory fabrication facility in Boise, Idaho. Furthermore, Micron will expand and modernize its existing manufacturing site in Manassas, Virginia, and introduce advanced packaging capabilities in the U.S. to enhance its production of High Bandwidth Memory (HBM), crucial for the booming AI sector.
Micron’s broader strategy encompasses two high-volume fabs in Idaho and up to four in New York, in addition to enhancing its Virginia facility. These investments align with the company’s goal to produce 40% of its DRAM within the U.S., ensuring a steady supply of semiconductors that is vital for economic and national security.
Construction on Micron’s first Idaho fab is progressing, with DRAM production expected to commence in 2027. The second fab is projected to complement and elevate U.S. DRAM production amidst the surging demand driven by AI advancements.
"Micron’s U.S. memory manufacturing and R&D plans underline our commitment to innovation and strengthening the domestic semiconductor landscape," stated CEO Sanjay Mehrotra. Highlighting support from various government figures, including Commerce Secretary Howard Lutnick, the initiative targets bolstering America’s lead in key industries such as AI, automotive, and defense.
Micron’s investments are expected to qualify for the Advanced Manufacturing Investment Credit, with considerable federal backing aimed at reestablishing U.S. leadership in semiconductor manufacturing.
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