Micron announces $40 Billion investment in US memory manufacturing

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Micron Technology has announced its plans to invest $40 billion through the end of the decade to build memory manufacturing in multiple phases in the US. 

Micron’s domestic manufacturing capabilities will ensure US national security and supply chain resilience as demand for memory grows in critical market segments like automotive and data centres, fueled by the accelerating adoption of artificial intelligence and 5G.

Micron expects to begin production in the second half of the decade, ramping overall supply in line with industry demand trends.

Micron’s planned investment, the largest in memory manufacturing in US history, will ultimately create up to 40,000 new American jobs including approximately 5,000 highly paid technical and operational roles at Micron. The Micron investment will also enrich surrounding communities by bolstering education, workforce training, transportation and several other services. Micron is finalising its specific US expansion plans and will share additional details in the coming weeks.

The announcement made ahead of Micron executives joining President Joe Biden at the White House for the signing of the momentous CHIPS and Science Act, aligns with the company’s financial plans and is a key element of Micron’s $150+ billion global investment in manufacturing and R&D over the next decade.

Today’s announcement builds on the billions of dollars of investments Micron has made over the last several years in U.S. manufacturing and R&D facilities, including the company’s newly established Atlanta Design Center, its Manassas, Virginia manufacturing site and corporate headquarters in Boise.