Micron Technology will invest about $15 billion over the next ten years in a new memory-chip manufacturing facility in Boise, Idaho. The investment is likely to create 17,000 jobs by the end of the decade. This will be the first new memory manufacturing fab built in the US in 20 years. It would ensure the domestic supply of leading-edge memory required for market segments, fueled by the increasing adoption of 5G and Artificial Intelligence.

Notably, this is the first of Micron’s multiple planned US investments following the passage of the CHIPS and Science Act. Micron’s President and CEO, Sanjay Mehrotra, has said that the investment became possible due to last month’s passage of the CHIPS and Science ACT of 2022, a $280 billion bill aimed at bolstering US competitiveness against China. The CHIPS law sets aside $52 billion for bolstering the semiconductor industry. Biden has called the Micron announcement a big win for America.
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He said the new leading-edge memory manufacturing fab would fuel US technology leadership. Locating the manufacturing plant at the company’s operational headquarter is also likely to improve efficiency and ensure the delivery of products to market faster.

Founded in 1978 by Ward Parkinson, Joe Parkinson, Doug Pitman, and Dennis Wilson, Micron is one of Idaho’s largest employers. It manufactures dynamic random-access memory, flash memory, and USB flash drives. The company has numerous chip manufacturing plants around the world, including in Taiwan.