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By 2030, Micron plans to invest $15 billion in a semiconductor factory in Boise, Idaho

According to Micron, putting the manufacturing facility within the operating headquarters of the company will increase productivity and hasten the time it takes to sell products.

September 02, 2022 8:44 IST | India Infoline News Service

In its hometown, Micron will spend $15 billion through the end of the decade building a new semiconductor plant, which the chipmaker claims will lead to the creation of 17,000 American jobs.

Sanjay Mehrotra, president and chief executive of Micron, based in Boise, Idaho, claimed that the $280 billion CHIPS and Science ACT of 2022, which was passed last month and is intended to increase American competitiveness against China and prevent another chip shortage like the one that crippled the auto and tech sectors during the pandemic, was responsible for making his company's investment possible.

The CHIPS law allots $52 billion to support the semiconductor industry, which has struggled to produce the tiny chips that power everything from smartphones to computers to autos due to COVID-related supply chain restrictions starting in 2020.

Last month, McLean and Mehrotra were present when President Biden signed the CHIPS and Science Act into law. The entire Republican congressional delegation from Idaho abstained.

A major victory for America, according to Biden, was the Micron announcement.

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