Micron announces $15B investment in new fab following CHIPS Act
Micron Technology $Micron Technology(MU)$
The company claims that this will be the first new memory manufacturing fab built in the U.S. in 20 years. The new facility will support supply of leading-edge chips for the automotive sector, data centers and other market segments seeing accelerating adoption of 5G and artificial intelligence.
For Micron (MU), this marks the first in a series of investments in the US following the CHIPS & Science Act. The new fab will be co-located with Micron's R&D center for accelerated technology deployment and time to market.
Last week, China criticized the CHIPS & Science Act, saying the new law violates fair market principles and goes after the country's efforts to build its own semiconductors industry.
The $15B commitment marks the largest private investment ever made in Idaho.
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