Micron Technology Inc. plans to expand its U.S. investments with $150 billion in memory manufacturing and $50 billion in R&D in an effort by the Trump Administration to incentivize semiconductor manufacturing domestically.
As part of the investment, Micron will invest an additional $30 billion beyond prior plans to build a second memory fab in Boise, Idaho.
The announcement includes prior plans that were in place as part of Micron’s expansion into domestic manufacturing including previously announced deals from the CHIPS and Science Act under the Biden Administration.
In total, the funding will support:
- Two leading-edge memory fabs in Idaho
- Up to four leading-edge fabs in New York
- Expansion of the Virgina fab
- Advanced HBM packaging capabilities
- R&D for future innovation
The investments should generate about 9,000 jobs in the U.S.
Micron said the investments will allow it to meet market demand, maintain market share and support its goal of producing 40% of its DRAM in the U.S. The first Idaho fab is on track to begin production of DRAM in 2027. The second fab will increase its production of DRAM, serving the growing market for AI in several sectors like data centers, high-performance computing and more.
The investment will include the onshore production of Micron’s 1-alpha DRAM node for sectors like:
- Industrial
- Automotive
- Defense and aerospace
- Medical devices
“Micron's U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry,” said Sanjay Mehrotra, chairman, president and CEO of Micron. “This approximately $200 billion investment will reinforce America’s technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors — critical to economic and national security.”
Incentives
Micron said it anticipates all the U.S. investments will be eligible for the Advanced Manufacturing Investment Credit (AMIC) and includes the $6.4 billion in CHIPS Act direct funding to support the construction of two Idaho fabs and two New York fabs.
The Building Advanced Semiconductors Investment Credit Act would increase the AMIC to 35% and extend it for four years, which will help incentivize future investment in U.S. semiconductor manufacturing.
