Micron to invest $40B in memory manufacturing in U.S. in multiple phases

Aug. 09, 2022 5:16 AM ETMicron Technology, Inc. (MU)By: Khyathi Dalal, SA News Editor10 Comments

Micron Technology Inc. One of american leader in semiconductor devices, dynamic random-access memory, flash memory, USB flash drives, solid-state drives.

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  • Micron Technology (NASDAQ:MU) plans to invest $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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