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On Thursday, Micron announced it would invest $15 billion to build a new semiconductor factory in Idaho — just weeks after Congress approved $52 billion in new money to boost domestic chip manufacturing.
Micron’s announcement is the latest in a series of multibillion-dollar plans to circumvent the Biden administration’s recently passed CHIPS and SCIENCE Act. Last month, Micron announced the new subsidy in 2018. He said he would invest $40 billion in US-based memory factories or factories by 2030, creating an estimated 40,000 new jobs. The new Boise plant is expected to create 17,000 new jobs over the next eight years, including 2,000 Micron jobs.
In a statement Thursday, Micron CEO Sanjay Mehrotra thanked the Biden administration for finalizing the bipartisan chips legislation. “Our new leading-edge memory manufacturing facility will fuel America’s technological leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security,” said Mehrotra.
President Joe Biden called Micron’s latest investment “another big win for America” in a statement on Thursday.
But until last month, it was unclear whether the CHIPS and SCIENCE Act would make it across the finish line this year. While stalled in Congress, Intel delayed the groundbreaking for a new $20 billion Ohio chip plant and went so far as to persuade the Biden administration to pass on the abandoned Chinese plant rather than wait for the approval. According to him, these places threatened the legislators New York TimesAnd he pushed them to pass the bill more quickly.
Shortly after Biden signed the bill into law, Columbus Shipping The president reports that a new groundbreaking for an Intel factory will be held this month. The company says it will be “the largest silicon manufacturing facility on the planet” and will require 7,000 workers to build it.
Last week, Biden signed an executive order to begin releasing billions in subsidies to manufacturers like Micron and Intel. Biden’s order established a new interagency council to oversee emissions, but it’s unclear when the Commerce Department will provide the new funding.
Under Biden administration priorities like CHIPs funding and bipartisan infrastructure legislation, the federal government has invested billions in creating local technology and manufacturing jobs.
“This week we saw First Solar, Toyota, Honda and Corning make new investments and new jobs as a direct result of my economic plan,” he said Thursday. “In our future, we’ll make EVs, chips, fiber optics and other critical components right here in America, and we’ll have a bottom-up and centralized economy.”
In April, Energy Secretary Jennifer Granholm announced $3.1 billion in funding for US companies to build and recycle lithium-ion batteries to boost EV adoption. Earlier this week, an energy startup called Spark announced plans to build a new battery factory in northern West Virginia.
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