Micron Technology, a global semiconductor powerhouse and the sole U.S.-based memory manufacturer, is set to kick off construction on the nation’s inaugural memory manufacturing facility in two decades. The groundbreaking ceremony will take place today at Micron’s headquarters in Boise, Idaho, marking the company’s 45th anniversary since inception.
Approximately a year ago, Micron unveiled plans to invest a staggering $15 billion through the next decade to construct a cutting-edge memory manufacturing fab, strategically located alongside its R&D hub in Boise. This monumental endeavor is projected to infuse $15.3 billion directly into Idaho’s economy and invest $13 billion with local businesses.
Moreover, the investment in memory manufacturing fab is anticipated to generate over 17,000 jobs in Idaho, including 2,000 direct employment opportunities at Micron, underscoring the demand for a diversified and highly skilled workforce, Micron said in a news statement.
Boise is a significant hub for Boise, Idaho-based Micron Technology, housing its corporate headquarters, a Technology Innovation Center of Excellence, and the exclusive DRAM R&D fabrication facility in North America. The co-location of this advanced memory manufacturing fab is poised to provide a multitude of strategic advantages for both Micron and the broader U.S. semiconductor industry.
Micron’s President and CEO, Sanjay Mehrotra, expressed enthusiasm about this milestone, stating, “We are laying the foundation for Micron’s future and charting a path for revitalized U.S. high-tech manufacturing — just a year since we first broke ground here in Boise.”
Sanjay Mehrotra emphasized that these investments will ensure domestic memory production in the U.S., meeting the escalating demand for vast memory capacities critical for rapid and efficient data storage and processing in the future.
The Idaho Community Investment Framework, established in May 2023 in collaboration with Governor Brad Little and Boise Mayor Lauren McLean, reflects the shared priorities for inclusive growth across the state. Today, Micron announced a substantial commitment of $75 million over the next decade to support Idaho’s community and workforce development objectives as outlined in the Framework.
Micron’s ambitious Idaho investment plans will be facilitated by anticipated grants and credits from the CHIPS and Science Act, empowering projects like Micron’s to commence construction in the U.S. while remaining competitive on a global scale. Micron submitted applications for its Idaho and New York projects to the U.S. Department of Commerce’s CHIPS Program Office in August 2023.