Micron announces US$15 billion in new fab investment in Idaho following Chips Act

Jessie Shen, DIGITIMES Asia, Taipei 0

Micron Technology has announced plans to invest approximately US$15 billion through the end of the decade to construct a new fab for leading-edge memory manufacturing in Boise, Idaho. This will be the first new memory manufacturing fab built in the US in 20 years, ensuring domestic supply of leading-edge memory required for market segments like automotive and data center fueled by accelerating adoption of AI and 5G, according to the memory chip vendor.

This is the first of Micron's multiple planned US investments following the passage of the Chips and Science Act, the company said. With the anticipated federal grants and credits made possible through the Chips Act, as well as the incentives provided by the state of Idaho, the new fab will create over 17,000 new American jobs by the end of the decade.

The announcement is part of Micron's intention to invest more than US$150 billion globally over the next decade in manufacturing and R&D, including plans to invest US$40 billion through the end of this decade to build leading-edge memory manufacturing in multiple phases in the US, the memory chip vendor indicated.

Intel also disclosed that in Ohio on September 9, the company will celebrate breaking ground in the Silicon Heartland at its newest US manufacturing site in 40 years. US president Joe Biden will participate in the ceremony.

Earlier in 2022, Intel announced a more than US$20 billion investment in a new semiconductor manufacturing site in Ohio to produce leading-edge chips.