Micron Confirms US Fab Expansion Plan: Idaho and New York Fabs by 2026-2029

[erek]

Cool

"Micron's capital expenditure for FY2024 is set at approximately $8 billion, with a planned increase to around $12 billion in FY2025. This substantial rise in spending, targeting a mid-30s percentage of revenue, will support various technological advancements and facility expansions. A substantial portion of this increased investment - over $2 billion - will be dedicated to constructing the new fabs in Idaho and New York. Additional funds will support high-bandwidth memory assembly and testing, as well as the development of other fabrication and back-end facilities. Sanjay Mehrotra, Micron's CEO, underscored the importance of these investments, stating that the new capacity is essential to meet long-term demand and maintain the company's market position. He added that these expansions, combined with ongoing technology transitions in Asian facilities, will enable Micron to grow its memory bit supply in line with industry demand."

Source: https://www.techpowerup.com/323955/...ion-plan-idaho-and-new-york-fabs-by-2026-2029

 

[sleepeeg3]

New York?!? State must have given some tax breaks to stem the exodus of workers from that metrapohole.

 

[Thatguybil]

Micron pretty much got shafted from the Chips act money.

Not a fan of government giving away money to companies, but if you are going to do it at least send some love to the only non Asian based memory firm.