Micron Plans New $15 Billion Memory Plant in Idaho
September 01 2022 - 9:58AM
Dow Jones News
By Colin Kellaher
Micron Technology Inc., which last month pledged to invest $40
billion in the U.S. through the end of the decade and create up to
40,000 jobs, on Thursday unveiled plans to spend $15 billion on a
new fabrication plant for memory manufacturing in its hometown of
Boise, Idaho.
Spurred by the passage of the $280 billion Chips and Science Act
of 2022, Micron said the first new memory plant in the U.S. in 20
years will create roughly 17,000 new jobs, including about 2,000
direct Micron jobs.
Micron said it plans to co-locate the plant with its
research-and-development center at its Boise headquarters, a move
it said will enhance operational efficiency, accelerate technology
deployment and improve time to market.
The company's plans include anticipated federal grants and
credits made possible through the CHIPS and Science Act, as well as
incentives from the state of Idaho.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 01, 2022 09:43 ET (13:43 GMT)
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