Tech company Micron pumps 15 billion dollars into construction chip factory

Tech company Micron pumps 15 billion dollars into construction chip factory
Tech company Micron pumps 15 billion dollars into construction chip factory

Micron, an American semiconductor manufacturer, is to invest 15 billion dollars domestically in the construction of a factory for memory chips. It is an investment over ten years. The factory will be located in Boise, in the northwestern state of Idaho.

Micron last year announced a $150 billion global investment plan that should create some 17,000 new jobs in the US. Last month, the company said that $40 billion of that envelope will go toward semiconductor manufacturing in the US.

Micron plans to fund the investment in part with financial aid for US chip manufacturing. President Joe Biden last month approved the bill, previously passed in Congress, that would free up $52 billion in subsidy to relaunch chip production in the US. There is a worldwide shortage of chips, which affects all kinds of sectors, for example the car sector. There are also tens of billions for research and development. “Micron’s announcement is another big victory for the US,” Biden said.

Micron last year announced a $150 billion global investment plan that should create some 17,000 new jobs in the US. Last month, the company said that $40 billion of that envelope will go toward semiconductor manufacturing in the US. Micron plans to fund the investment in part with financial aid for US chip manufacturing. President Joe Biden last month approved the bill, previously passed in Congress, that would free up $52 billion in subsidy to relaunch chip production in the US. There is a worldwide shortage of chips, which affects all kinds of sectors, for example the car sector. There are also tens of billions for research and development. “Micron’s announcement is another big victory for the US,” Biden said.


The article is in Dutch

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