Micron Invests $500M in US Wafer Plant
Micron has committed $500 million to GlobalWafers' Texas wafer plant, part of a $250 billion US spending plan by 2035. The investment aims to secure critical input materials and produce 40% of Micron's DRAM in the US by the mid-2030s. The move supports the US semiconductor supply chain and marks a significant expansion of Micron's US operations.
Key points
- Micron has committed $500 million to GlobalWafers' Texas wafer plant.
- The investment is part of Micron's $250 billion US spending plan by 2035.
- The goal is to produce 40% of Micron's DRAM in the US by the mid-2030s.
- The move supports the US semiconductor supply chain and expands Micron's US operations.
- Micron has also raised its planned US spending to $250 billion from $200 billion.
Micron Invests $500M in US Wafer Plant
Micron Technology, a leading memory maker, has committed $500 million to GlobalWafers' Texas wafer plant as part of a strategic financing deal. The investment is aimed at securing critical input materials and supporting the US semiconductor supply chain.
As part of the deal, Micron and GlobalWafers will sign a 10-year agreement for access to the plant's output. The investment is a significant step towards Micron's goal of producing 40% of its DRAM in the US by the mid-2030s.
Micron has also raised its planned US spending to $250 billion through 2035, up from $200 billion. The company has already started construction on its Clay, New York megafab, with the first load of concrete poured a quarter ahead of schedule.
Sources
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