Micron tips plan to expand US memory chip manufacturing

Micron tips plan to expand US memory chip manufacturing

Business news |
By Peter Clarke

While applauding the passing of the US Chips Act Micron Technology Inc. (Boise, Idaho) has said it has plans to bring more leading-edge memory manufacturing to the US.

The US House of Representatives passed the $280 billion CHIPS and Science Act in the last week of July and it now goes to President Biden to be signed. The legislation includes $52 billion in support for the semiconductor industry in America and also provides $200 billion in scientific research in artificial intelligence, quantum computing, and other advanced technologies.

In a statement Micron observed that only 2 percent of the world’s memory chips are made in the US and all of those produced by Micron. The introduction of incentives will allow Micron to grow domestic production of memory significantly, the company said.

“Micron has an historic opportunity to invest in bringing the most innovative leading-edge memory manufacturing to the US. We look forward to sharing more details regarding our plans in the coming weeks,” the company concluded.

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