Micron to Invest $40 Billion by 2030 Into US Memory Plants (1)

Micron Technology Inc. said it will use “anticipated” government grants and credits to help it invest $40 billion by the end of the decade to build out US semiconductor manufacturing capacity.

The company expects to begin producing chips after 2025 and said it will create as many as 40,000 jobs, the Boise, Idaho-based memory manufacturer said in a statement on Tuesday. The investment is being funded with subsidies it believes will be awarded from the Chips and Science Act, Micron said.

“Today, less than one in 50 memory chips in the world are produced in the US,” Micron CEO Sanjay ...