Micron Technology has announced a major investment of $40 billion for the chip manufacturing in the United States, which will create up to 40,000 jobs, will strengthen the national security and will strengthen the resistance of the supply chain.
The company announced today its plans to manufacture cutting-edge, multi-stage memory chips in the US. With the grants and advance credits made possible by the CHIPS Act and Science, this investment will enable the world’s most advanced memory card manufacturing.
In addition, this will enrich nearby communities by strengthening education, workforce training, transportation and other services.
The national state-of-the-art manufacturing capabilities of Micron will ensure national security of the United States and the supply chain resilienceas demand for memory chips grows in critical market segments such as automotive and data centers, further driven by accelerating adoption of artificial intelligence and 5G.
Micron expects to begin the production in the second half of the decade, increasing the overall supply in line with trends in the industry demand. It is also finalizing its specific U.S. expansion plans and will share more details in the coming weeks.
The announcement, made prior to Micron executives joining Chairman Joe Biden at the White House to sign the CHIPS and Science Act, aligns with the company’s financial plans and is a key element of the overall investment of over Micron’s $150 billion global investment in manufacturing and R&D.
“I thank the chairman BidenThe U.S. Secretary of Commerce, Gina Raimondo, and to the entire Administration, as well as to members of Congress for their support bipartisan support for the CHIPS and Science Act, which is an important step toward solidifying U.S. leadership in semiconductors for decades to come. I feel honored to participate in this historic ceremony of signing of the project White House bill with them and other executives,” said Micron’s president and CEO, Sanjay Mehrotra.
“This legislation will allow Micron to increase domestic production. of memory from less than 2% to as much as 10%. of the global market over the next decade, making the U.S. the home of the world’s most advanced memory manufacturing and R&D,” he added.