Categories
Science & Technology

Micron to invest $15 billion in new manufacturing unit in Idaho

Micron Technology Inc (MU.O) said on Thursday it will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise, Idaho, where it is based.

The investment takes into account anticipated federal grants and credits under the CHIPS and Science Act and will create 17,000 jobs by the end of the decade.

President Joe Biden last month signed a bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the country more competitive.

The capacity expansion comes at a time of weakness in the memory chip market. Micron lowered its fourth-quarter revenue forecast, while peer Seagate Technology Holdings (STX.O) has cut its first-quarter expectations.

Micron has announced plans to invest $40 billion through the end of the decade to build memory manufacturing facilities in multiple phases in the country.

SOURCE: REUTERS.

4 replies on “Micron to invest $15 billion in new manufacturing unit in Idaho”

I’ve been exploring for a little bit for any high-quality articles or blog posts in this sort of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this info So i’m glad to exhibit that I have an incredibly good uncanny feeling I discovered exactly what I needed. I such a lot unquestionably will make sure to do not forget this web site and provides it a glance regularly.

I just like the valuable information you supply for your articles. I’ll bookmark your weblog and check again here frequently. I’m somewhat sure I’ll be told many new stuff right here! Good luck for the following!

Leave a Reply

Your email address will not be published. Required fields are marked *