Micron Technology plans $2.2B Virginia plant expansion – Manufacturing Dive
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The latest expenditure is part of the chipmaker’s plans to invest $3 billion in the Manassas facility by 2030.
Micron’s upcoming Manassas project is part of the chipmaker’s years-long plan to invest $3 billion in the plant by 2030. Announced in 2018, the strategy aims to increase memory production and create 1,100 jobs over the next decade.
“Micron’s Manassas site manufactures our long-lifecycle products that are built using our mature process technologies, and primarily sold into the automotive, networking and industrial markets,” Micron President and CEO Sanjay Mehrotra said in the 2018 press release. “These products support a diverse set of applications such as industrial automation, drones, the IoT (Internet of Things) and in-vehicle experience applications for automotive.”
The chipmaker is getting help with financing the Manassas plans from both federal and state agencies. Last month, the Department of Commerce proposed up to $275 million in CHIPS and Science Act funding for the Virginia plant. Micron is also set to receive up to $70 million in state incentives, which is pending Virginia legislative approval, according to Youngkin’s release.
“Micron’s investments in domestic semiconductor manufacturing capabilities, supported by the bipartisan CHIPS Act and the incentives offered by the Commonwealth of Virginia and the City of Manassas, will help drive economic growth and ensure that the U.S. remains at the forefront of technological advancements,” Mehrotra said in the state press release.
While the company awaits finalization of the CHIPS funding, the Commerce Department finalized $6.17 billion in funds for its other U.S. facilities last month. The money will go toward two fabrication plants in Clay, New York, and a new chip fab in Boise, Idaho.
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Courtesy of Boeing.
The aircraft maker is under pressure to address issues like shadow factories and traveled work as it faces ever-rising scrutiny.
Companies need millions of workers in production and tech roles, a Deloitte and Manufacturing Institute study says. Experts worry the industry can't keep up.
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Courtesy of Boeing.
The aircraft maker is under pressure to address issues like shadow factories and traveled work as it faces ever-rising scrutiny.
Companies need millions of workers in production and tech roles, a Deloitte and Manufacturing Institute study says. Experts worry the industry can't keep up.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
The latest expenditure is part of the chipmaker’s plans to invest $3 billion in the Manassas facility by 2030.
Micron’s upcoming Manassas project is part of the chipmaker’s years-long plan to invest $3 billion in the plant by 2030. Announced in 2018, the strategy aims to increase memory production and create 1,100 jobs over the next decade.
“Micron’s Manassas site manufactures our long-lifecycle products that are built using our mature process technologies, and primarily sold into the automotive, networking and industrial markets,” Micron President and CEO Sanjay Mehrotra said in the 2018 press release. “These products support a diverse set of applications such as industrial automation, drones, the IoT (Internet of Things) and in-vehicle experience applications for automotive.”
The chipmaker is getting help with financing the Manassas plans from both federal and state agencies. Last month, the Department of Commerce proposed up to $275 million in CHIPS and Science Act funding for the Virginia plant. Micron is also set to receive up to $70 million in state incentives, which is pending Virginia legislative approval, according to Youngkin’s release.
“Micron’s investments in domestic semiconductor manufacturing capabilities, supported by the bipartisan CHIPS Act and the incentives offered by the Commonwealth of Virginia and the City of Manassas, will help drive economic growth and ensure that the U.S. remains at the forefront of technological advancements,” Mehrotra said in the state press release.
While the company awaits finalization of the CHIPS funding, the Commerce Department finalized $6.17 billion in funds for its other U.S. facilities last month. The money will go toward two fabrication plants in Clay, New York, and a new chip fab in Boise, Idaho.
Get the free daily newsletter read by industry experts
Courtesy of Boeing.
The aircraft maker is under pressure to address issues like shadow factories and traveled work as it faces ever-rising scrutiny.
Companies need millions of workers in production and tech roles, a Deloitte and Manufacturing Institute study says. Experts worry the industry can't keep up.
Subscribe to Manufacturing Dive for top news, trends & analysis
Get the free daily newsletter read by industry experts
Want to share a company announcement with your peers?
Get started ➔
Courtesy of Boeing.
The aircraft maker is under pressure to address issues like shadow factories and traveled work as it faces ever-rising scrutiny.
Companies need millions of workers in production and tech roles, a Deloitte and Manufacturing Institute study says. Experts worry the industry can't keep up.
The free newsletter covering the top industry headlines
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
