On Thursday, Micron announced that it would invest $15 billion to build a new semiconductor plant in Idaho — just weeks after Congress passed $52 billion in new money to boost domestic chip manufacturing.
Micron’s announcement is just the latest in a series of multi-billion-dollar plans to jump on the Biden administration’s recently approved CHIPS and Science Act. Last month, Micron said it would use the act’s new subsidies to invest $40 billion into US-based memory fabs, or fabrication plants, by 2030, creating an estimated 40,000 new jobs. The new Boise plant is expected to create 17,000 new jobs, including 2,000 Micron jobs, over the next eight years.
