Micron Seeks Tax Breaks for $160 Billion Chip Plant Near Austin
- Chipmaker submitted applications for facility near Lockhart
- Manufacturer is seeking tax breaks before key program ends
Micron Technology headquarters in Biose, Idaho.
Photographer: Jeremy Erickson/BloombergThis article is for subscribers only.
Micron Technology Inc. is considering a plan to spend as much as $160 billion on a new semiconductor factory in central Texas.
The company filed applications with the state comptroller’s office to lock down property-tax breaks in exchange for a potential new facility near Lockhart, an exurb about 30 miles (48 kilometers) south of Austin. It would be built in eight phases with construction beginning in January 2023, according to the application.