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© micron Business | August 01, 2022

Micron plans to invest in US memory manufacturing

Micron Technology commends the passing of the “Chips and Science” legislation. The company says that this is a big step towards securing the future of semiconductor manufacturing in the United States and advancing American innovation and competitiveness.

Today, only 2% of global memory supply is manufactured in the US, and according to Micron all of that is produced by the company. The competitive incentives that have now passed will allow Micron to grow domestic production of memory significantly in the years ahead.

"As a result of this bipartisan effort to ensure our economic and national security, Micron has an historic opportunity to invest in bringing the most innovative leading-edge memory manufacturing to the U.S. We look forward to sharing more details regarding our plans in the coming weeks," the company writes in a press statement.

The legislation aims to bring leading-edge semiconductor manufacturing to the US, creating tens of thousands of jobs and tens of billions of dollars of new investments – securing US semiconductor innovation and supply chain resilience.

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August 09 2022 1:05 am V20.7.2-1