How Micron is building the biggest chip fab in U.S. history despite a China ban and smartphone slump
Publishing timestamp: 2023-10-23 08:00:01
Summary
Micron, the only U.S. manufacturer of dynamic random-access memory (DRAM) chips, is facing risks due to China's bans on U.S. technologies. However, Micron is doubling down on U.S. manufacturing and plans to bring advanced memory production to the U.S. with a new chip fabrication plant in Idaho. Micron is also planning to build four fabs in New York as part of its goal to increase the U.S. share of DRAM production. The company is eligible for billions of dollars in incentives from the federal CHIPS and Science Act and state incentives. Micron is optimistic about the growth of its smartphone business and is focused on rapid growth markets such as automotive and AI. Despite geopolitical tensions, Micron is expanding its presence in the U.S. and investing in programs to train future semiconductor engineers.
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Keywords: sanjay mehrotra, china, intel corp, xi jinping, new york, motorola solutions inc, advanced micro devices inc, sk hynix inc, kathy hochul, texas instruments inc, nvidia corp, micron technology inc, apple inc, technology, charles schumer, business news, breaking news: technology, wolfspeed inc, taiwan semiconductor manufacturing co ltd, globalfoundries inc, samsung electronics co ltd, united states,