US company Micron has announced a $ 40 billion investment in manufacturing cutting-edge memory in the United States
Micron Technology, Inc. (click here for more info on the company), is one of the largest semiconductor companies in the world and the only memory manufacturer based in the United States. The company announced today its intention to invest $ 40 billion by the end of the decade to build state-of-the-art multi-stage memory production in the United States. With the grants and anticipated credits made possible by the CHIPS and Science Act, this investment will enable the world’s most advanced memory production in America. Micron expects to begin production in the second half of the decade, increasing overall supply in line with industry demand trends.
Details on Micron’s $ 40 billion investment
Micron’s planned investment, the largest in memory production in US history, will ultimately create up to 40,000 new jobs in America, including approximately 5,000 highly paid technical and operational roles at Micron. Micron’s investment will also enrich surrounding communities by strengthening education, workforce training, transportation and many other services. Micron is finalizing its specific expansion plans in the United States and will share further details in the coming weeks.
Micron’s state-of-the-art manufacturing capabilities nationwide will ensure the national security of the United States. As memory demand grows in critical market segments such as automotive and data centers, fueled by accelerating adoption of artificial intelligence and 5G. The announcement, made before Micron executives joined President Joe Biden at the White House in signing the all-important CHIPS and Science Act, is in line with the company’s financial plans. And it is a key element of the global investment beyond Micron’s $ 150 billion in production and research and development. the next decade.
Statements regarding Micron’s 40 billion investment
The following are the first statements regarding the investment of approximately 40 billion dollars of the US company Micron.
I thank President Biden, US Secretary of Commerce Gina Raimondo and the entire administration, as well as members of Congress for their bipartisan support for the CHIPS and Science Act. This is an important step towards consolidating American semiconductor leadership for decades to come. I am honored to take part in this historic White House bill signing ceremony with them and other executives,
he has declared Sanjay Mehrotrapresident and CEO of Micron.
This legislation will allow Micron to increase domestic memory production from less than 2 percent to as much as 10 percent of the global market over the next decade. Making the United States the home of the world’s most advanced memory manufacturing and research and development.
The constant commitment of Micron
Founded in 1978 in Boise, Idaho, Micron is a leader in memory innovation with over 50,000 patents for life and beyond. Boise is the epicenter of Micron’s research efforts to develop the world’s most advanced memory and storage technologies. Micron’s investments in cutting-edge technological advances include almost $ 3 billion in research and development in fiscal year 2021. Micron is committed to continuing to expand research and development in future years at a pace consistent with its long-term revenue growth expectations, contributing to America’s technological leadership and global competitiveness.
Today’s announcement is based on the billions of dollars of investments Micron has made in the past few years in manufacturing and R&D facilities in the United States. Among these we have theAtlanta Design Center recently established the company, the production site of ManassasVirginia, and the company’s headquarters in a Boise.
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