Micron announces $15B investment in new fab following CHIPS Act
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Micron Technology (NASDAQ:MU) has committed to a $15B investment to build a new fab for leading-edge memory manufacturing in Boise, Idaho.
The company claims that this will be the first new memory manufacturing fab built in the U.S. in 20 years. The new facility will support supply of leading-edge chips for the automotive sector, data centers and other market segments seeing accelerating adoption of 5G and artificial intelligence.

For Micron (MU), this marks the first in a series of investments in the US following the CHIPS & Science Act. The new fab will be co-located with Micron's R&D center for accelerated technology deployment and time to market.
Last week, China criticized the CHIPS & Science Act, saying the new law violates fair market principles and goes after the country's efforts to build its own semiconductor industry.
The $15B commitment marks the largest private investment ever made in Idaho.
MU shares are down 2.25% pre-market