Micron is investing $15 billion to build a memory manufacturing plant in Idaho
Micron Technology announced plans Thursday to invest about $15 billion in a new memory chip manufacturing facility in the city where it is headquartered.
According to a Micron press release, the chip maker will invest money through the end of the contract to build the new plant at the company’s corporate headquarters in Boise, Idaho.
The company said it would be “the first new memory stick to be manufactured in the United States in 20 years.”
By the end of the decade, the new plant will create more than 17,000 jobs in the United States, including about 2,000 at Micron, the maker of chips estimated to be released.
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“We thank President Biden, Secretary of Commerce Raimondo, Secretary of Defense Austin, the Biden-Harris administration and members of Congress for their bipartisan support for CHIPS and the Science Act, which made this investment decision possible,” Sanjay Mehrotra, President and CEO of Micron, in a statement.
President Biden signed the CHIPS and Science Act in early August. The legislation allocates more than $52 billion for domestic semiconductor research, development, manufacturing, and workplace development and provides tax credits to encourage investments in chip manufacturing.
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Micron said in August that it would invest $40 billion through the end of the decade to expand local memory manufacturing, part of its pledge to invest more than $150 billion globally over the next decade for memory manufacturing and research and development.