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Micron to Invest $40B in Memory Manufacturing in U.S. in Multiple Phases

Seeking Alpha2022-08-09

  • Micron Technology (NASDAQ:MU) plans toinvest $40B through the end of the decade to build leading-edge memory manufacturing in multiple phases in the U.S.
  • The investment will enable the world's most advanced memory manufacturing in America.
  • The company expects to commence production in the second half of the decade, ramping overall supply in line with industry demand trends.
  • Additional details are expected to be shared in the upcoming weeks.
  • "This legislation will enable Micron to grow domestic production of memory from less than 2% to up to 10% of the global market in the next decade, making the U.S. home to the most advanced memory manufacturing and R&D in the world," President and CEO Sanjay Mehrotra commented.

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Comment6

  • Bank of Arai
    ·2022-08-09
    K
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  • Bank of Arai
    ·2022-08-09
    Ok
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  • Flokayson
    ·2022-08-09
    👍
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  • Zivcheah
    ·2022-08-09
    Oo
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  • Feijoa8025
    ·2022-08-09
    Awesome news ! 
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  • Liuliusg
    ·2022-08-09
    Ok
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