$100 billion! Micron officially announces new fab plans

In September, Micron broke ground on a $15 billion plant in Boise, Idaho, and said it would announce another new U.S. factory soon. Recently, Micron officially announced this new investment plan.

On October 4, local time, Micron Technology announced on its official website that the company plans to build a giant fab in central New York State to facilitate the production of memory chips.

Over the next 20 years, Micron plans to invest a total of up to $100 billion in factories, which will create about 50,000 local jobs, the statement said. Over the life of the project, New York State will also provide $5.5 billion in financial incentives for factories to support factory recruitment and capital investment.

Micron will invest US$20 billion in the first phase of the project to build a giant factory in Clay Township, start site preparation in 2023, start construction in 2024, achieve mass production in 2025, and gradually increase production according to industry needs between 2026 and 2030 .

The plant could eventually contain four 600,000-square-foot cleanrooms -- semiconductor industry production plants -- with a total area of ​​2.4 million square feet, nearly the size of 40 football fields, the largest in the history of the U.S. semiconductor industry, the statement said.

Micron revealed that the New York factory will use state-of-the-art semiconductor manufacturing processes and tools, including extreme ultraviolet (EUV) lithography, to solidify the company's leadership in the DRAM industry.

Micron Technology CEO Sanjay Mehrotra previously said that the two factories will produce DRAM chips widely used in data centers, personal computers and other equipment.

Micron is the third-ranked DRAM manufacturer in the world. According to data from TrendForce, a market research firm, in the first quarter of 2022, as Samsung and SK Hynix’s revenue fell by 1.1% and 11.8% respectively, Micron benefited from PC In line with demand from the automotive market, its revenue edged up 2.4% to US$5.719 billion.