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Micron plans $40 billion
U.S. memory fab investment
BOISE, Idaho — Micron Technology
Inc., the largest supplier of semicon-
ductor memory after Samsung and
S.K. hynix, said it plans to invest $40
billion through the end of the decade
to build leading-edge memory fabs
in the U.S.
Only U.S. memory maker
Micron’s announcement comes on the
heels of the passage of the CHIPS Act,
which will give financial incentives to semi-
conductor makers. Micron is the only ma-
jor U.S. maker of semiconductor memory.
Micron’s plans are to build U.S. plants in
phases with the anticipated grants and
credits offered by the CHIPS Act. Micron
said it expects to begin production in the
second half of the decade.
40,000 jobs
Micron’s planned investment, the largest in
memory manufacturing in U.S. history, will
ultimately create up to 40,000 new Ameri-
can jobs including approximately 5,000
highly paid technical and operational roles
at Micron.
The Micron investment will also enrich sur-
rounding communities by bolstering edu-
cation, workforce training, transportation
and several other services.
Micron is finalizing its specific U.S. expan-
sion plans and will share additional details
in the coming weeks,it said.
Micron’s says its domestic leading-edge
manufacturing capabilities will ensure
U.S. national security and supply chain
resilience as demand for memory grows
SEPTEMBER 2022
Micron is the only major U.S.-based maker of semiconductor
memory. (Micron)
in critical market segments like automo-
tive and data center, fueled by accelerating
adoption of artificial intelligence and 5G.
Financial plans
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.
Micron President and CEO
Sanjay Mehrotra. “This leg-
islation will enable Micron to
grow domestic production
of memory from less than
2% to up to 10% of the
Sanjay Mehrotra
global market in the next
decade, making the U.S. home to the most
advanced memory manufacturing and R&D
in the world.”
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