BOISE, ID—Micron Technology Inc. plans to invest approximately $15 billion through the end of the decade to construct a new factory here to make memory chips. This will be the first new memory manufacturing fab built in the U.S. in 20 years, ensuring a domestic supply of memory chips required for automobiles, data centers and other applications.
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, the new fab will create more than 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,” says 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.”The 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.