Micron Technology announced plans to invest $15 billion through the end of the decade to construct a new fab for memory manufacturing in Boise, Idaho.
This will be the first new memory manufacturing fab built in the U.S. in 20 years, ensuring domestic supply of leading-edge memory required for market segments like automotive and data center, fueled by accelerating adoption of artificial intelligence and 5G.
This is the first of Micron’s multiple planned U.S. investments following the passage of the CHIPS and Science Act, and represents the largest private investment ever made in Idaho. Co-locating the new manufacturing fab with Micron’s R&D center at the company’s headquarters will enhance operational efficiency, accelerate technology deployment and improve time to market.
With the anticipated federal grants and credits made possible through the CHIPS and Science Act as well as the incentives provided by the state of Idaho and the support of the governor, the new fab will create over 17,000 new American jobs, including approximately 2,000 direct Micron jobs, by the end of the decade.
“We thank President Biden, Secretary of Commerce Raimondo, Secretary of Defense Austin, the Biden-Harris Administration and Members of Congress for the bipartisan support of the CHIPS and Science Act, which made this investment decision possible,” said Micron President and CEO Sanjay Mehrotra.