On the 45th anniversary of company's founding, Micron lays the foundation for America's future
Micron to invest $75 million toward building America's semiconductor workforce of the future in Idaho
BOISE, Idaho, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), one of the world's largest semiconductor companies and the only U.S.-based manufacturer of memory, will today celebrate the start of construction on the nation's first new memory manufacturing fab in 20 years. Company executives will join Idaho Governor Brad Little, Boise Mayor Lauren McLean, other community partners and team members to mark the milestone with a ceremonial concrete pour at Micron's Boise headquarters on the 45th anniversary of the company's founding.
Just over a year ago, Micron announced its plans to invest approximately $15 billion through the end of the decade to construct a new fab for leading-edge memory manufacturing, to be co-located with the company's R&D epicenter in its hometown of Boise. Through the lifespan of the project, Micron will directly infuse $15.3 billion into the Idaho economy and directly spend $13.0 billion with Idaho businesses. The project will create over 17,000 new Idaho jobs, including 2,000 Micron direct jobs, furthering the need for a diverse, highly skilled workforce.
Boise is home to Micron's corporate headquarters, its newly expanded Technology Innovation Center of Excellence and the only DRAM R&D fabrication facility in North America. Nearly two-thirds of Micron's patents are generated from Boise team members — at a rate of more than three patents per day. Co-locating the leading-edge memory manufacturing fab is expected to provide multiple strategic benefits for the company and the U.S. semiconductor industry at large as Micron continues to drive industry leadership.
"We are laying the foundation for Micron's future and charting a path for revitalized U.S. high-tech manufacturing — just a year since ...