Micron Announces Intent to Bring Leading-Edge Memory Manufacturing to the U.S.
July 29 2022 - 9:01AM
Micron Technology, Inc. (NASDAQ: MU) commends and thanks the Biden
Administration for their leadership and the bipartisan work of
Congress for passing the “Chips and Science” legislation. This is a
big step towards securing the future of semiconductor manufacturing
in the United States and advancing American innovation and
competitiveness for years to come.
This legislation will bring leading-edge semiconductor
manufacturing to the U.S., creating tens of thousands of
jobs and tens of billions of dollars of new investments –
transforming U.S. semiconductor innovation and supply chain
resilience.
Today, only 2% of global memory supply is manufactured in the
U.S., and all of that is produced by Micron. The competitive
incentives passed yesterday will allow Micron, the only U.S.-based
manufacturer of memory, to grow domestic production of memory
significantly in the years ahead.
As a result of this bipartisan effort to ensure our economic and
national security, Micron has an historic opportunity to invest in
bringing the most innovative leading-edge memory manufacturing to
the U.S. We look forward to sharing more details regarding our
plans in the coming weeks.
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 Contact
Moira Whalen
Micron Technology, Inc.
+1 (203) 299-7696
mwhalen@micron.com
Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927
farhanahmad@micron.com
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