Chip manufacturer Micron Technology announced today that it will spend $20 billion to build what it called the largest semiconductor factory in the U.S. and could spend up to $100 billion over 20 years to expand it.

The manufacturing facility, to be located in Onondaga County, New York, will be the size of 40 American football fields and is expected to bring nearly 50,000 jobs to the region, including “9,000 high-paying Micron jobs.” Once completed, the manufacturing facility is expected to dramatically increase the local supply of memory chips.

Micron’s announcement follows other U.S. semiconductor fab projects made recently by other chipmakers, including Intel, Samsungand TSMC. The new factories are part of an effort to restore chip and other technology manufacturing to US shores.

chips / processors / memory cardsFancycrave (CC0)

In September, Micron broke the ground at a memory manufacturing facility near the headquarters in Boise, ID. This plant was Micron’s first new memory manufacturing facility in the US in 20 years. Micron also recently announced plans to invest approximately $15 billion by the end of the decade in advanced memory manufacturing in Boise, the largest private investment ever made in the state, according to the company. The manufacturing facility follows Micron’s earlier announcement of invested $40 billion by the end of the decade to establish leading US memory manufacturing.

In a statement, Micron President and CEO Sanjay Mehrotra thanked President Joe Biden and members of Congress for passing the $50 billion CHIPS and Science Act, which was signed into law in August. The law is aimed at reviving the domestic U.S. semiconductor industry, whose market share has shrunk dramatically in recent years due to high operating costs compared to competition in East Asia.

While other factors including geopolitics and technonationalismplay a big role in reviving semiconductor manufacturing, the CHIPS ACT is “the latest motivation” as the funds, subsidies and tax breaks “provide a level playing field where U.S. fabs can be cost competitive with those in Asia, ,” said Gaurav Gupta, Gartner’s vice president of emerging technologies and trends.

Copyright © 2022 IDG Communications, Inc.

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