Micron launches $15 billion Idaho project amid federal push for US tech manufacturing - The Verge

Micron CEO Sanjay Mehrotra thanked the Biden administration for the new subsidies available to chip manufacturers in the United States.

On Thursday, Micron announced that it would invest $15 billion to build a new semiconductor plant in Idaho — just weeks after Congress passed $52 billion in new money to boost domestic chip manufacturing.

Micron’s announcement is just the latest in a series of multi-billion-dollar plans to jump on the Biden administration’s recently approved CHIPS and Science Act. Last month, Micron said it would use the act’s new subsidies to invest $40 billion into US-based memory fabs, or fabrication plants, by 2030, creating an estimated 40,000 new jobs. The new Boise plant is expected to create 17,000 new jobs, including 2,000 Micron jobs, over the next eight years.

In a Thursday statement, Micron CEO Sanjay Mehrotra thanked the Biden administration for finishing the bipartisan chips legislation. “Our new leading-edge memory manufacturing fab will fuel US technology leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security,” Mehrotra said.

President Joe Biden celebrated Micron’s latest investment in a statement on Thursday, calling it “another big win for America.”

But up until last month, it wasn’t clear whether the CHIPS and Science Act would make it across the finish line this year. As it stalled in Congress, Intel delayed a groundbreaking ceremony for a new $20 billion Ohio chip plant and even went as far as pitching the Biden administration on overtaking an abandoned Chinese plant instead of waiting for the funding’s approval. These pitches frightened lawmakers, according to The New York Times, and pushed them to more swiftly approve the bill.

https://www.theverge.com/2022/9/1/23332930/micron-idaho-manufacturing-chips-act-biden-white-house

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