Micron to build most advanced memory chip fab in US with $40 B investment
3D semiconductor memory focused and globally 3rd ranked memory chip vendor Micron plans to invest $40 billion in US by the end of the 2030 to build most advanced memory chip fab in multiple phases by utlizing funds and other benefits from the US CHIPS and Science Act. Micron to make chips out of this new fab anytime after 2025.
Micron says this investment plan can create up to 40,000 new American jobs including approximately 5,000 highly paid technical and operational roles at Micron. The specifics and details of this plan will be shared in the coming weeks by Micron.
Micron says this new advanced manufacturing facility ensures U.S. national security and supply chain resilience of memory semiconductor chips in critical applications such as automotive and data center adopting artificial intelligence and 5G.
“I thank President Biden, U.S. Secretary of Commerce Gina Raimondo and the full Administration as well as members of Congress for their bipartisan support of the CHIPS and Science Act, which is an important step toward solidifying American semiconductor leadership for decades to come. I am honored to take part in this historic White House bill signing ceremony with them and fellow executives,” said Micron President and CEO Sanjay Mehrotra. “This legislation will enable Micron to grow domestic production of memory from less than 2% to up to 10% of the global market in the next decade, making the U.S. home to the most advanced memory manufacturing and R&D in the world.”
Author: Srinivasa Reddy N