Micron broke ground on $15 bn memory manufacturing fab in Boise, Idaho

Micron Technology announced it broke ground on its memory manufacturing fab in Boise, Idaho. This will be the first new memory manufacturing fab in the United States in 20 years.
Micron is in the final stages of its selection process for another high-volume manufacturing site in the U.S.

Intel on Friday broke ground on a $20 billion factory in Ohio to build cutting edge processor chips.

Micron President and CEO Sanjay Mehrotra said: Both plants will produce DRAM chips that are used in data centers, personal computers and other devices. Once operational, U.S. plants will account for 40 percent of Micron’s DRAM production volume globally, up from 10 percent today.

“The investment, made possible by the anticipated grants and credits provided by the CHIPS and Science Act, also enhances Micron’s supply chain resilience and will establish a new strategic capability for the U.S.,” Sanjay Mehrotra said.

Micron recently revealed its plan to invest approximately $15 billion through the end of the decade in advanced memory manufacturing in Boise. This is part of Micron’s earlier disclosed plans to invest $40 billion through the end of the decade to establish memory manufacturing in the U.S.

Memory market revenue is expected to double by 2030. New wafer production capacity will address demand in market segments like data center, industrial, automotive and mobile, fueled by adoption of artificial intelligence and 5G.

The Boise manufacturing investment is part of the Micron’s strategy to increase U.S.-based DRAM production to 40 percent of the company’s global output in the next decade.

“All across the country we’re seeing the benefits from President Biden’s agenda materialize — from the creation of good-paying jobs to thriving manufacturing sectors that can compete on a global scale,” said U.S. Secretary of Energy Jennifer M. Granholm.

Construction on the new fab in Boise is expected to begin in early 2023, with cleanroom space coming online in phases starting in 2025. New DRAM production is targeted to start in 2025, ramping over the second half of the decade in line with industry demand growth.

Micron’s investment will create over 17,000 Idaho jobs, including 2,000 direct Micron jobs. Micron will increase investment in K-12 STEM education programs, build on partnerships with community colleges and universities.