ICYMI: Micron Technology said that it planned to invest up to $100 billion over the next 20-plus years to build a computer chip factory complex in upstate New York, in a bid to boost domestic chip manufacturing $MU
said on Tuesday that it planned to invest up to $100 billion over the next 20-plus years to build a computer chip factory complex in upstate New York, in a bid to boost domestic chip manufacturing.
The project, which Micron claims will be the world's largest semiconductor fabrication facility, is expected to create nearly 50,000 jobs in New York, with the first phase investment of $20 billion planned by the end of this decade. Micron in August announced its plans to invest $40 billion through the end of the decade to build memory manufacturing in multiple phases in the United States.The spur in new chip investments comes after President Joe Biden signed the CHIPS and Science Act in August, providing $52.7 billion in subsidies for U.S. semiconductor production and research to boost competitiveness with China.
The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo
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