Connect with us

Hi, what are you looking for?

US News

Semiconductor giant Micron to invest $15 bn in Idaho – AFR


Semiconductor giant Micron announced Thursday it will invest $15 billion over the next decade to expand its operations in the US state of Idaho to build memory capacity for automotive and other sectors.

The plan, part of a Micron global investment strategy to invest $150 billion, will create 17,000 new jobs, the Boise, Idaho-based company said.

The initiative, which Micron called the “largest private investment ever made in Idaho,” follows a Micron pledge last month to spend $40 billion in “leading-edge memory manufacturing” in the United States.

The project will tap into state funds that are part of the $52 billion to promote production of microchips included in the Chips and Science Act, which President Joe Biden signed into law on August 9. 

“Today’s announcement by Micron is another big win for America,” Biden said  Thursday in a statement that also highlighted announcements in recent days from Toyota to ramp up the production of batteries for electric vehicles, as well as plans unveiled by First Solar, Honda and Corning.

“In our future, we will make (electric vehicles), chips, fiber optics and other critical components here in America, and we will have an economy built from the bottom up and middle out,” Biden said.

#Semiconductor #giant #Micron #invest #Idaho

You May Also Like

Business

State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...

press release

Barrington Research Analyst James C.Goss reiterated an Outperform rating on shares of IMAX Corp IMAX with a Price target of $20. As theaters...