Micron Technology Inc. has announced plans to invest about $15 billion to build a new cutting-edge memory manufacturing plant in Boise, Idaho, by 2030, Digitimes reported. According to the memory chip supplier, it will be the first new memory manufacturing plant built in the U.S. in 20 years, ensuring domestic supply of cutting-edge memory needed in segments such as automobiles and data centers, while the acceleration of artificial intelligence and 5G Applications will drive the growth of these markets.
The company said this is the first of several investments Micron plans to make in the U.S. following the passage of the Chip and Science Act. Through federal grants and credits anticipated in the Chip Act, and incentives provided by Idaho, the new factory will create more than 17,000 new U.S. jobs by the end of the century.
The announcement is part of Micron's intention to invest more than $150 billion globally in manufacturing and R&D over the next decade, including plans to invest $40 billion by the end of the decade to build leading memory manufacturing in the U.S. in multiple phases.
Intel also revealed that on Sept. 9 in Ohio, the company will celebrate breaking ground in the Silicon Heartland for its newest U.S. manufacturing base in 40 years. U.S. President Joe Biden will attend the ceremony.
Earlier in 2022, Intel announced an investment of more than $20 billion to build a new semiconductor manufacturing facility in Ohio to produce leading-edge chips.