Micron plans to invest $40 billion in U.S. to build cutting-edge memory manufacturing business

On the eve of US President Biden's imminent signing of the chip bill, the US memory giant Micron (Micron) issued a statement on August 9, planning to invest 40 billion US dollars by the end of 2030 to establish a cutting-edge memory manufacturing business in the United States in stages. The investment will create up to 40,000 jobs, including 5,000 highly paid technical and operations staff.

In a statement, Micron said: "With the subsidies and feedback expected from the Chip and Science Act, this investment case will manufacture state-of-the-art memory in the United States. Micron also mentioned that this is the largest investment case ever made in the United States.

In addition, Micron said it expects to start production between 2026 and 2030. The company said it was finalizing specific U.S. expansion plans and "will analyze more details in the coming weeks."