Micron to expand US investments to about $200 billion

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Micron Technology said on Thursday it was planning to expand its U.S. investments in domestic memory manufacturing to about $150 billion and in R&D to $50 billion.

Shares of the chipmaker fell about 1% in premarket trading.

This marks an additional investment of $30 billion beyond prior plans, Micron said.

The additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding an existing manufacturing facility in Manassas, Virginia.

Micron’s investment aims to bring advanced packaging capabilities to the…



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Micron to expand US investments to about $200 billion


Micron Technology said on Thursday it was planning to expand its U.S. investments in domestic memory manufacturing to about $150 billion and in R&D to $50 billion.

Shares of the chipmaker fell about 1% in premarket trading.

This marks an additional investment of $30 billion beyond prior plans, Micron said.

The additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding an existing manufacturing facility in Manassas, Virginia.

Micron’s investment aims to bring advanced packaging capabilities to the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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