Micron Technology revealed plans to build a new $15 billion memory chip plant in Idaho.
Idaho-based Micron is a leading DRAM and flash memory chips manufacturer. The company’s products can be found in anything from data center servers to cell phones. Micron earned $27.7 billion in sales in its fiscal year of 2021, up from $21.4 billion in 2020.
The proposed Idaho plant is part of a larger $40 billion project to increase chip production capacity in the United States. Micron is supported by the CHIPS and Science Act, which President Joe Biden signed into law on August 9.
CHIPS and Science Act
Micron CEO Sanjay Mehrotra thanked the Biden-Harris Administration, US Secretary of Commerce, US Secretary of Defense and members of Congress for their support of the CHIPS and Science Act, which enabled the investment.
Micron added that the new cutting-edge memory manufacturing fab will drive American technological leadership by maintaining a stable domestic supply of semiconductors, which is essential to economic and national security. The plant will be housed in the same building as the company’s research and development facility in Boise.
Covering multiple industries
According to the chipmaker, the $15 billion budgeted for the project will be spent over the remaining decade. The investment is expected to create upwards of 17,000 jobs, including 2,000 direct Micron employees. Micron announced that the fab will manufacture memory chips for various markets, including the data center and automotive sectors.
Micron offers a half-dozen memory and storage chip types for data centers. The firm manufactures high-performance NAND flash and DDR4 memory for servers. Micron also provides specialist products like Registered DIMM modules, a form of RAM suited for systems that require exceptionally high dependability. It also plans to make automotive chips in the upcoming plant.
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