Micron Breaks Ground On $15 Billion Idaho Memory Chip Fab
Micron held a groundbreaking event for that New $15 billion memory fab in Boise, Idaho, which is exciting news for the American chip industry. The US government is encouraging tech companies to invest in domestic chip production through the CHIPS and Science Act, which was signed into law earlier last month.
Advanced chip fabs are flourishing in South Korea and Taiwan, but US manufacturing capacity growth has stalled due to cost concerns, thanks to companies like Samsung and TSMC (backed by local governments). However, Micron’s latest investment will be the first all-new memory manufacturing fab built in the United States in the last 20 years. According to Micron, only 2% of the memory available in the global market is produced domestically.
According to Micron’s current timeline, actual construction of the Boise fab will begin in early 2023. Cleanroom space will be available in phases from 2025. Later that year, Micron will begin production of his DRAM products. However, the fab won’t be at full capacity until later in the decade when the entire 600,000 square feet of cleanroom space will be available.
In total, Micron plans to invest $15 billion in new manufacturing facilities adjacent to existing research and development centers. Additionally, Micron says it will employ up to 2,000 people on site once full-scale production begins. However, the company adds that its investment will add more than 17,000 jobs to the state. Micron will also commit additional resources to strengthen his K-12 and college-level education programs in the region.
“This facility enables Micron to closely connect R&D and manufacturing, creating synergies and accelerating the ramp-up of advanced memory technologies,” said Sanjay Melotra, Micron’s president and CEO today. said in a statement to the press.
“With today’s breakthrough, Micron is helping deliver on the important goals of the CHIPS and Science Act: the science and technology that powers America’s future and enhances competitive advantage around the world. Investing in our communities by creating high-paying jobs in technology,” he added. Dr. Alondra Nelson of the White House Office of Science and Technology Policy.
According to Micron, revenues from the memory sector are expected to double between now and 2030. Key growth categories dependent on increased memory production include artificial intelligence, 5G, data centers, and automotive. Micron is poised to capture a significant portion of its increased revenue by leveraging its voice fab, with his US-based DRAM production accounting for his 40% of global output in the 2030s. I expect.