• Wed, January 1, 2025
  • Thu, January 2, 2025

Micron to invest $2.17 billion to expand U.S.-based memory production

Micron plans to invest $2.17 billion to expand its semiconductor facility in Manassas, Virginia, creating 340 jobs and boosting its U.S. semiconductor production capacity, said Governor Glenn Youngkin.
Micron Technology Inc. has announced a significant investment of $2.17 billion to expand its memory chip production in the United States, specifically at its facility in Boise, Idaho. This investment aims to enhance the production of dynamic random-access memory (DRAM) chips, which are crucial for various electronic devices. The expansion is part of a broader initiative to strengthen domestic semiconductor manufacturing capabilities, supported by the U.S. government's CHIPS and Science Act. This act provides funding to boost local production and reduce reliance on foreign semiconductor supplies. The project is expected to create numerous jobs, both directly at Micron and indirectly through its supply chain, and will help in securing a more resilient supply chain for memory chips, vital for national security and economic competitiveness.

Read the Full MSN Article at:
https://www.msn.com/en-us/money/markets/micron-to-invest-2-17-billion-to-expand-u-s-based-memory-production/ar-AA1wLLf3