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Micron to Invest $15 Billion in New Idaho Fab, Bringing Leading-Edge Memory Manufacturing to the US

AleksandarK

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Micron Technology, Inc. (NASDAQ: MU), one of the world's largest semiconductor companies and the only U.S.-based manufacturer of memory, today announced plans to invest approximately $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 U.S. in 20 years, ensuring domestic supply of leading-edge memory required for market segments like automotive and data center, fueled by accelerating adoption of artificial intelligence and 5G.

This is the first of Micron's multiple planned U.S. investments following the passage of the CHIPS and Science Act, and represents the largest private investment ever made in Idaho. Co-locating the new manufacturing fab with Micron's R&D center at the company's headquarters will enhance operational efficiency, accelerate technology deployment and improve time to market.



With the anticipated federal grants and credits made possible through the CHIPS and Science Act as well as the incentives provided by the state of Idaho and the support of the governor, the new fab will create over 17,000 new American jobs, including approximately 2,000 direct Micron jobs, by the end of the decade.

"We thank President Biden, Secretary of Commerce Raimondo, Secretary of Defense Austin, the Biden-Harris Administration and Members of Congress for the bipartisan support of the CHIPS and Science Act, which made this investment decision possible," said Micron President and CEO Sanjay Mehrotra. "Our new leading-edge memory manufacturing fab will fuel U.S. technology leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security. We also appreciate the support of Governor Little and his administration, Idaho state legislators, Mayor McLean and our partners at Idaho Power. We are proud of the positive impact this investment will have on the community and our more than 6,000 employees located in Boise, Micron's headquarters and the epicenter of our innovation for over 40 years."

As part of the company's ongoing commitment to invest in the Idaho community and further build our workforce, Micron will expand investment for K-12 STEM education programs and increase focus on reaching underrepresented and rural student populations. Micron will also deepen its partnerships with Idaho institutions, universities with strong research and semiconductor engineering programs, minority serving intuitions (MSIs) and veterans transition programs across the nation. Locally, Micron is also proud to announce a partnership with the College of Western Idaho to lead efforts in delivering key curricula, such as Advanced Mechatronics Engineering Technology, to prepare students for the Micron Technician Apprenticeship Program.

To support Micron's growing employee population, the company expects to open a world-class childcare facility operated by our local partners at the Treasure Valley Family YMCA. Located across from Micron's corporate headquarters, the center will provide STEM based programming and provide easy access for parents to interact with their children during the day and ease the transition for those, especially mothers, returning to the workforce.

Today's announcement is part of Micron's intention to invest more than $150 billion globally over the next decade in manufacturing and R&D, including plans to invest $40 billion through the end of this decade to build leading-edge memory manufacturing in multiple phases in the U.S., in line with long-term industry demand trends.

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Make silicon chips while eating potato chips

win win?? ;)
 
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The instability in Asia is going to cause more manufacturing to come back to the US.
 
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I am in favor of bringing silicon manufacturing back to America.
We should NEVER be held hostage to parts manufacturing by other countries. Same goes for our essential equipment and materials.

This is a tremendous loss for the globalists. (LOL)
 
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Right till you find out that the globalists made America rich & themselves even richer! Without the slave working conditions in Asia you wouldn't have that three trillion market cap company & hundreds of billions in profits, besides the obvious price benefits, but of course it's everyone else's fault.

The West wanting an endless supply of cheap(er) goods had nothing to do with it :rolleyes:
 
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While I'm all for bringing manufacturing back to the US, it feels like the chip/fab manufacturers are setting themselves up for a massive over-supply glut in a year or two.
 
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Right till you find out that the globalists made America rich & themselves even richer! Without the slave working conditions in Asia you wouldn't have that three trillion market cap company & hundreds of billions in profits, besides the obvious price benefits, but of course it's everyone else's fault.

The West wanting an endless supply of cheap(er) goods had nothing to do with it :rolleyes:
It's not just "The West" that wants cheaper goods. Everything else being the same, I am willing to bet pretty much any consumer in the world regardless of geography would like cheaper goods.

well, changing one thing and keeping everything else being the same is difficult, globally. The world gave up some supply chain redundancies and robustness, in order to chase efficiency (and profits) offered by a more centralized (and more fragile) supply chain. Now we are seeing that maybe things have gone a bit too far (geopolitics, then exacerbated by the pandemic) in that direction so understandably there's a pullback.
 
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The flight of manufacturing from much to Europe/America to Asia/Africa was due to the Western companies wanting more & more profits, little to no oversight wrt working or environmental conditions & then of course the Western consumers wanting an endless supply of cheap goods with credit cards. That's just how it started, today of course everyone wants things cheap but you know where it all started. The flight of manufacturing from West to Asia is not on us! Yes what China does today, wrt IP theft & what not, or similar practices in other parts of Asia is not right either. But pretending that you're getting something back, that was always your doing, is basically whitewashing history.

You can add some (Asian) govt subsidies/incentives to that list as well but I'm not sure how much of that was a factor 40-50 years back.
 
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I am in favor of bringing silicon manufacturing back to America.
We should NEVER be held hostage to parts manufacturing by other countries. Same goes for our essential equipment and materials.

This is a tremendous loss for the globalists. (LOL)

We are still held hostage. The raw materials we need for electronics parts come largely from Africa. The Chinese have been investing heavily in Africa and giving them vastly more money that we did and also building up infrastructure there rather than the "loot and scoot" method of western nations. China also has a much better relationship with the parts of Asia that have resources for this.

We can move manufacturing wherever we want but the globalists still control minerals and the Chinese are taking that over completely.

So this is arranging chairs on a sinking ship for the sake of the rubes.
 
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