Micron Technology plans to invest up to $100 billion over the next 20 years to build a manufacturing complex in upstate New York.
It produces semiconductors and will be the largest in the world. The operation of the new plant is expected to create around 50,000 new jobs. By the end of the current decade, the investment will reach 20 billion dollars.
In early August, the company announced it would invest $40 billion in US memory production by 2030. It also plans to invest $15 billion in a semiconductor plant in Idaho. Against this backdrop, Micron’s share price rose 3.1%.
U.S. companies may receive government subsidies
These large investments are not a coincidence. Chip-related and the signatures of scientific law. According to him, American companies can receive government subsidies and $52.7 billion will be allocated to the project, which could expand chip production and boost the development of the US semiconductor industry.
Earlier, Intel and Canada’s Brookfield agreed to invest up to $30 billion in their Arizona plant.
At the same time, it was previously announced that the US wants to introduce new sanctions against China, especially when it comes to advanced technology.