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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