Micron has announced that it will invest approximately US$15 billion over the next 10 years in a new memory chip manufacturing facility in Boise, Idaho, USA. This is the first new memory chip manufacturing facility to be built on US soil in 20 years and the largest private investment ever in Idaho.
Micron said it was driven by artificial intelligence and 5G networks, as well as securing the supply of memory chips needed for domestic US market segments such as automotive and data centres, and would invest roughly US$40 billion in a phased memory chip manufacturing plant on US soil by 2030. The plant is expected to create 17,000 new jobs in the US by 2030, including 2,000 jobs working directly for Micron.
Micron to invest US$15 billion in memory manufacturing plant in Idaho, US
Micron currently has manufacturing and R&D networks in 13 regions around the world and has accumulated more than 47,000 patents over the past half century. Billions of dollars are spent each year on research and development, with the majority of the investment going to Micron's R&D centre operating from its US headquarters, one of the world's most advanced semiconductor technology development centres, where cutting-edge research, design and development work is carried out. This new memory chip manufacturing facility is co-located with the R&D centre to improve operational efficiency, accelerate technology deployment and shorten time-to-market.
Micron Technology, founded in 1978, is one of the leading manufacturers of semiconductor storage and imaging products, including DRAM, NAND flash memory and CMOS image sensors, with Apple as one of its most important customers.
Last month, the company lowered its recent revenue forecast, citing "macroeconomic factors and supply chain constraints" that weakened global demand.
