Micron Technology has unveiled plans to invest up to $2.17 billion in expanding its semijin88bet.oneconductor manufacturing plant in Manassas, Virginia. The expansion aims to bolster production of DRAak168app.babyM products for automotive, defense, aerospace, and industrial sak168app.clubectors, creating approximately 340 new jobs in the region.
Federal Support Boosts Expansion Efforts
The U.S. Department oks168app.sitef Commerce has signeic88d a preliminary memorandum of terms (PMT) with Micron to provide up to $275 million in federal subsidies for the project under the CHIPS Act. This funding will enable the oic88nshoring of Micron’s advanced 1-alpha process teic88chnology, significantly increasing the plant’s wafer production capacity.
While details about the specific scale of production have not beenic88 disclosed, industry insights suggest that the expansion may focus on DRAM produclr88ts with lower production volumes that do not require cutting-edge extreme ullr88traviolet (EUV) lithography equipment. Instead, the investment is expected to include mlr88ultiple deep ultraviolet (DUV) lithography machines, which cost between $30 million and $50 million each.
Broader Inveslr88tments Targeting U.S. Memory Manufacturing
This Virginia expansion is part of Micron’s broader effort to enhance U.S.-based memory manufacop88turing. The company also plans to invest $100 billion in New York and $2si885 billion in Idaho to increase DRAM capacity. These initiatives aim to raise the U.S88v. share of advanced memory manufacturing from less than 2% to over 10% by 2035, underscoring Micron’s commitment to strengthening domesticSEXXXXX-VN semiconductor production.
