Micron Technology, Inc. (NASDAQ: MU), one of the world’s largest
semiconductor companies and the only U.S.-based manufacturer of
memory, broke ground on its leading-edge memory manufacturing fab
in Boise, Idaho. This will be the first new memory manufacturing
fab in the United States in 20 years. Micron marked the occasion
with a ceremony attended by U.S. Secretary of Energy Jennifer M.
Granholm, White House Office of Science and Technology Policy
Acting Director Dr. Alondra Nelson, Senator Jim Risch, Idaho
Governor Brad Little and Boise Mayor Lauren McLean.
“We are grateful that Secretary Granholm, Dr. Nelson, Idaho
elected local officials, customers, suppliers, and partners are
attending today’s celebration of this historic groundbreaking in
Boise,” said Micron President and CEO Sanjay Mehrotra. “With this
facility, Micron will closely couple R&D and manufacturing,
providing synergies that will enable us to accelerate the
production ramp of advanced memory technology. 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.”
Micron recently announced its plan to invest approximately $15
billion through the end of the decade in advanced memory
manufacturing in Boise, the largest private investment ever made in
Idaho. This is part of Micron’s earlier disclosed plans to invest
$40 billion through the end of the decade to establish leading-edge
memory manufacturing in the U.S. Although the near-term demand
environment for memory and storage is challenged, memory market
revenue is expected to double by 2030. New wafer production
capacity will therefore be required to meet long-term 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% of the company’s global
output in the next decade. Micron is in the final stages of its
selection process for another high-volume manufacturing site in the
U.S.
“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.
“Companies like Micron are promising examples of how we can build
strong domestic supply chains for critical technology necessary to
reach the President’s goal of a clean energy economy powered by
American workers.”
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. Ultimately, the cleanroom space will reach 600,000 square
feet — the size of approximately 10 U.S. football fields and the
largest single cleanroom ever built in the country.
“With today’s groundbreaking, Micron is helping realize a key
goal of the CHIPS and Science Act: investing in local communities
by creating good-paying jobs in scientific and technological fields
that will power America's future and increase our competitive
advantage worldwide,” said Dr. Alondra Nelson, the White House
Office of Science and Technology Policy Acting Director. “This
project embodies the Biden-Harris Administration's vision for a
prosperous, equitable nation in which all communities across the
country — from rural to urban and everything in between — benefit
from America's science and technology innovations. At the Office of
Science and Technology Policy, we see abundant promise in the CHIPS
and Science Act — and we are excited to highlight the commitment of
Micron and other industry partners that also recognize this
promise. Micron is taking bold steps to bring communities into a
realm of unlimited possibility, and we applaud its vision and
action.”
Micron’s investment will create over 17,000 Idaho jobs,
including 2,000 direct Micron jobs as the cleanroom is built out
and production is fully ramped. As part of the company’s ongoing
commitment to the Idaho community and to further grow the
workforce, Micron will increase investment in K-12 STEM education
programs, build on partnerships with community colleges and
universities and identify new ways to provide education and
training to underrepresented and rural populations.
“Micron is a true homegrown Idaho success story. In Idaho, we
are proud that years of fiscal conservatism and key investments
have made our state a great place to do business. We are grateful
for Micron’s continued support of Idaho and our capital city, and
we look forward to the opportunities this historic business
expansion will bring to the citizens of our state,” said Idaho
Governor Brad
Little.
For over 40 years, the Boise site has been a world-leading
innovation center for memory R&D. This long-established memory
R&D Center of Excellence will be co-located with the most
advanced semiconductor manufacturing, facilitating later-stage
technology development activity to be done in close partnership
with manufacturing. The co-location provides multiple strategic
benefits, including improving efficiency across both R&D and
manufacturing, simplifying technology transfer and reducing time to
market for leading-edge products. Micron’s Boise facility will
employ the most advanced semiconductor manufacturing processes and
tools, including extreme ultraviolet lithography (EUV), to drive
industry leadership across several generations of DRAM.
Locating Micron’s industry-leading DRAM production in the U.S.
brings tremendous benefit for its customers, enabling them to build
their innovative products and solutions with a more geographically
diverse supply chain.
“Semiconductors play a key role in today’s digital world and, at
Dell Technologies, we rely on them as foundational to every line of
business and portfolio of solutions,” said Jeff Clarke, Dell
Technologies vice-chairman and co-chief operating officer. “Micron
is one of Dell’s strategic partners and we are thrilled their new
Boise facility will be a positive development toward creating more
chip capacity in the U.S.”
In line with local and global environmental commitments, Micron
aims to achieve 100% water reuse, recycling and restoration as well
as use 100% renewable electricity at the new facility.
Additionally, the company plans to use green infrastructure and
sustainable building attributes for the construction of the new fab
to attain Leadership in Energy and Environmental Design (LEED) Gold
status. These efforts support Micron’s global target to achieve a
42% reduction in greenhouse gas emissions from operations by 2030
and net-zero emissions by 2050.
About Micron Technology, Inc. We are an
industry leader in innovative memory and storage solutions
transforming how the world uses information to enrich life for all.
With a relentless focus on our customers, technology leadership,
and manufacturing and operational excellence, Micron delivers a
rich portfolio of high-performance DRAM, NAND and NOR memory and
storage products through our Micron® and Crucial® brands. Every
day, the innovations that our people create fuel the data economy,
enabling advances in artificial intelligence and 5G applications
that unleash opportunities — from the data center to the
intelligent edge and across the client and mobile user experience.
To learn more about Micron Technology, Inc. (Nasdaq: MU), visit
micron.com. © 2022 Micron Technology, Inc. All
rights reserved. Information, products, and/or specifications are
subject to change without notice. Micron, the Micron logo, and all
other Micron trademarks are the property of Micron Technology, Inc.
All other trademarks are the property of their respective
owners.
Micron Media Relations ContactErica Rodriguez
PompenMicron Technology, Inc.+1 (408)
834-1873epompen@micron.comMicron Investor Relations
ContactFarhan Ahmad Micron Technology, Inc. +1 (408)
834-1927farhanahmad@micron.com
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