Boise The US law to promote semiconductor production is bearing its first fruits: industry heavyweight Micron wants to invest billions in memory chip manufacturing in the USA.
By the end of the decade, 40 billion dollars are to be invested in several stages, as Micron announced on Tuesday. The company specifically referred to the subsidies from the “Chips and Science Act”. This will create 5,000 jobs at Micron.
Micron executives were also expected to attend the signing of the bill by U.S. President Joe Biden later on Tuesday, according to the company. With the law, the US wants to reduce its dependence on chip production in Asia. Among other things, there are large production capacities in Taiwan – in view of the tensions with China, US policy is worried about the security of supply.