Micron plans to significantly expand domestic chip manufacturing in the US. The DRAM and NAND flash memory manufacturer is investing $40 billion in fabs in the U.S. through 2030 to further strengthen domestic manufacturing.
Micron with largest investment in U.S. chip manufacturing
With its largest-ever investment in domestic chip manufacturing, Micron aims to create 40,000 new jobs for Americans by the year. The manufacturer, known for the Crucial SSDs such as the P3 and P3 Plus or the new 3D NAND v6 with 232 memory layers, for example, is investing a full $40 billion in fabs in the U.S. by 2030.
Thus, advanced fabs are to be built in several phases. The only American chip manufacturer is receiving support from the U.S. government’s CHIPS and Science Act, which grants further subsidies and loans.
The move aims to strengthen the U.S. economy and create 40,000 new American jobs, 5,000 of which will be in well-paying technical and operational roles at Micron, the manufacturer said in the press release.
Strengthening its own economy
At the same time, the surrounding districts should also benefit from the investments. The plans for the expansion would be finalized just now and wants to communicate further details already in the next weeks, Micron continues.
Micron also wants to further reduce the country’s dependence on imports. This is also where the CHIPS and Science Act of the U.S. government, which has been active since August 9, comes into play, through which the state promotes the domestic chip industry with around 52 billion U.S. dollars.
This should make it possible to increase the global market share of memory solutions manufactured in the USA from less than two percent to up to ten percent, reveals Sanjay Mehrotra, President and CEO of Micron.
The newly announced investment represents only a small portion of the billions of dollars Micron has invested in manufacturing and research facilities in the U.S. in recent years. These include the Atlanta Design Center, a new fab in Virginia and the company’s headquarters in Boise, Idaho.