Micron, one of the world’s largest semiconductor manufacturers, is making a new investment in the USA. The giant manufacturer announced today that it plans to invest $40 billion in memory production by 2030.
Largest investment in memory manufacturing in US history
As it is known, the chip crisis in the semiconductor industry has brought along supply and production problems in many areas of technology. The USA, which took action to solve these problems and move production to its own market, recently implemented the Chips and Science Act, which will provide an incentive of 280 billion dollars to the industry.
Announcing that the investment will benefit from the new law signed by US President Joe Biden, Micron plans to employ approximately 5,000 highly paid personnel and close to 40,000 people. According to Micron Technology Chief Executive Sanjay Mehrotra, the new agreement will enable the company to increase its local share in global memory production from 2 percent to 10 percent over the next 10 years.
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Additional details about the deal are expected to be announced in the coming weeks, making it one of the largest investments in memory production in US history.
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