Micron to spend $15 billion on Idaho memory fab

Micron to spend $15 billion on Idaho memory fab

Business news |
By Peter Clarke

Memory chip maker Micron Technology Inc. (Boise, Idaho) has said it will spend about $15 billion over the next eight years building a wafer fab at its headquarters in Boise, Idaho.

The company stated that this will be the first memory fab to be constructed in the US in 20 years and will create about 2,000 direct and 15,000 indirect jobs by the end of the decade.

Micron also stated that the new Boise fab is one of multiple planned US investments. The company is also considering a large wafer fab complex in Lockhart, about 30 miles (48 kilometers) south of Austin, Texas (see Micron pushes paperwork for Texas fab complex).

In the case of Boise, the co-location of the fab alongside Micron’s R&D center will enhance operational efficiency, accelerate technology deployment and improve time to market, Micron said.

How big, how soon?

Micron did not indicate the size of the plant in terms of wafer starts per month or when construction or production would begin.

Sanjay Mehrotra, CEO of Micron, said the investment was made possible by the CHIPS and Science Act, which was recently signed into law by President Biden. This provides up to $52 billion in support subsidies for chip manufacturing in the US.

“Our new leading-edge memory manufacturing fab will fuel US technology leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security,” said Mehrotra, in a statement.

Micron said that it plans to invest a total of $40 billion this decade in memory manufacturing in the US and $150 billion globally over the next decade in manufacturing and R&D.

Related links and articles:

News articles:

Micron pushes paperwork for Texas fab complex

Micron tips plan to expand US memory chip manufacturing

Micron plans to spend $150 billion on memory production

TI buys Micron’s Utah fab for $900 million

Micron turns its back on 3D-XPoint, puts fab up for sale

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