$6.1B in CHIPS & Science Act Funding for Historic Investment
Grants support Micron’s plans to invest approximately $50 billion in gross capex through 2030. Memory fabs in Idaho and New York to strengthen U.S. economic and national security, expected to create approximately 75,000 direct and indirect jobs across the U.S. semiconductor supply chain.
With support of $6.1B CHIPS grant, Micron plans to invest $50 billion in gross capex for U.S. domestic leading-edge memory manufacturing through 2030
These grants will support construction of one leading-edge memory manufacturing fab in Boise, Idaho and the construction of two leading-edge memory fabs in Clay, New York. This is the first step in Micron's vision for a potential investment of up to $125 billion in leading-edge memory manufacturing over the next 20-plus years. These facilities are expected to create approximately 75,000 U.S. jobs, building supply chain resilience, and ensuring U.S. economic and national security that will drive America’s technology leadership.
Micron awarded CHIPS Act funding to bring state-of-the-present memory manufacturing to Virginia
In December 2024, Micron signed a non-binding Preliminary Memorandum of Terms (PMT) with the U.S. Department of Commerce for up to $275 million in funding under the CHIPS and Science Act to support Micron’s plans to invest approximately $2B over the next several years to expand and modernize its facility in Manassas, Virginia. The proposed project would onshore Micron’s 1-alpha technology to its Manassas facility, advancing U.S. supply chain resiliency and creating over 400 manufacturing jobs and up to 2,700 community jobs at the peak of the project.
Micron breaks ground on leading-edge manufacturing fab in Boise, Idaho
Company celebrates initiation of historic $15 billion investment; construction expected to begin early 2023, with DRAM production slated for second half of the decade.
From 5G smartphones to the AI-enabled cloud, memory fuels everything that computes and is essential to growing the data economy. To address 2030-era demand for memory, Micron plans to invest more than $150 billion globally in manufacturing and R&D over the next decade. But that's just the first step — securing access to leading-edge memory is a long-term investment that also requires sustained government support.
Micron Chairman, President and CEO Sanjay Mehrotra on investing in the future with our global manufacturing investment
Watch Micron Chairman, President and CEO, Sanjay Mehrotra, speak about the company's plans to invest more than $150 billion globally over the next decade in leading-edge manufacturing and R&D, including potential fab expansion in the United States. In conjunction with ongoing government support, he says, Micron's investment can help solidify long-term U.S. leadership in global semiconductor manufacturing and drive future technology innovation.
"Memory is at the leading edge of semiconductor manufacturing and fuels everything from feature-rich 5G smartphones to the AI-enabled cloud. Micron’s leadership in both DRAM and NAND technologies and the strength of our roadmap enable us to invest more than $150 billion with confidence to extend our industry-leading memory innovation into the next decade, and deliver differentiated products to our customers. We look forward to working with governments around the world, including in the U.S. where CHIPS funding and the FABS Act would open the door to new industry investments, as we consider sites to support future expansion."
Sanjay Mehrotra Micron Chairman, President and CEO
