Mentioned:
Micron Technology is one of the world’s most dominant players in the memory chip business. And now, they’re making their biggest bet ever on American production.
What’s happening:
- Micron Technology (NASDAQ: MU) is officially beginning construction on a new large scale semiconductor manufacturing site located in Onondaga County, New York
By the numbers:
- Micron Technology is committing $100B USD in long term investment to developing up to four fabrication facilities at the new site to produce memory chips
Why it matters:
- This is the single largest investment by a publicly traded company in the history of New York State
Going deeper:
- Micron Technology has publicly stated that they are the only large scale producer of memory chips with operations in the United States and are planning to continue to invest in more domestic manufacturing
- The new fabrication facilities are expected to be fully constructed and operational within the next four years
