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Micron to Invest $40 Billion by 2030 Into US Memory Plants

  • Spending part of previously announced $150 billion plan
  • Most of Micron’s production done in Japan, Singapore, Taiwan
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WATCH: Micron Technology CEO Sanjay Mehrotra discusses the semiconductor firm’s plan to invest $40 billion in US-based memory chip manufacturing.Source: Bloomberg
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Micron Technology Inc. said it will use “anticipated” government grants and credits to help it invest $40 billion by the end of the decade to build out US semiconductor manufacturing capacity. 

The company expects to begin producing chips after 2025 and said it will create as many as 40,000 jobs, the Boise, Idaho-based memory manufacturer said in a statement on Tuesday. The investment is being funded with subsidies it believes will be awarded from the Chips and Science Act, Micron said.