Micron to invest $40B in memory manufacturing in U.S. in multiple phases
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Micron Technology (NASDAQ:MU) plans to invest $40B through the end of the decade to build leading-edge memory manufacturing in multiple phases in the U.S.
The investment will enable the world's most advanced memory manufacturing in America.
The company expects to commence production in the second half of the decade, ramping overall supply in line with industry demand trends.

Additional details are expected to be shared in the upcoming weeks.
"This legislation will enable Micron to grow domestic production of memory from less than 2% to up to 10% of the global market in the next decade, making the U.S. home to the most advanced memory manufacturing and R&D in the world," President and CEO Sanjay Mehrotra commented.