{"id":3929,"date":"2018-09-23T21:38:38","date_gmt":"2018-09-23T21:38:38","guid":{"rendered":"https:\/\/staging.asminternational.org\/edfas\/results\/-\/journal_content\/56\/10192\/35403410\/NEWS\/"},"modified":"2023-02-07T04:52:48","modified_gmt":"2023-02-07T04:52:48","slug":"micron-announces-3-billion-investment-in-u-s-for-dram-and-nand","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/edfas\/results\/-\/journal_content\/56\/10192\/35403410\/NEWS\/","title":{"rendered":"Micron announces $3 billion investment in U.S. for DRAM and NAND"},"content":{"rendered":"

Micron Technology<\/span> Inc.<\/a>, Boise, Idaho, will invest $3 billion by 2030 to increase memory production at its plant in Manassas, Virginia, creating about 1100 new jobs over the next decade. These investments are contemplated in Micron\u2019s long-term model to invest capital expenditure in the low thirties as a percent of revenue. <\/span><\/span><\/p>\n

 <\/p>\n

The initial clean room expansion is expected to be completed in the fall of 2019 with production ramp in the first half of 2020. This expansion will add less than 5% to Micron\u2019s global clean room space footprint and will primarily support enablement of DRAM and NAND technology transitions as well as modest capacity increase at the site. A global research development center will include laboratories, test equipment and a staff of approximately 100 engineers.<\/span><\/span><\/p>\n

 <\/p>\n

\u201cMicron\u2019s expansion in the City of Manassas represents one of the largest manufacturing investments in the history of Virginia and will position the Commonwealth as a leader in unmanned systems and Internet of Things,\u201d said Governor Northam. <\/span><\/span><\/p>\n

 <\/p>\n

Micron will be eligible to receive an MEI custom performance grant of $70 million for site preparation and facility costs, subject to approval by the Virginia General Assembly. Additionally, the City of Manassas and utility partners are providing a broader, comprehensive support package to enable the expansion, including substantial infrastructure upgrades and additional incentives.<\/span><\/span><\/p>\n

 <\/p>\n

www.micron.com<\/a> <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Micron Technology Inc., Boise, Idaho, will invest $3 billion by 2030 to increase memory production at its plant in Manassas, Virginia, creating about 1100 new jobs over the next decade.<\/p>\n","protected":false},"author":63082,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[434,435,436,1],"tags":[],"class_list":["post-3929","post","type-post","status-publish","format-standard","hentry","category-electronics","category-news","category-news-articles","category-uncategorized"],"yoast_head":"\nMicron announces $3 billion investment in U.S. for DRAM and NAND - Electronic Device Failure Analysis Society<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asminternational.org\/edfas\/results\/-\/journal_content\/56\/10192\/35403410\/NEWS\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micron announces $3 billion investment in U.S. for DRAM and NAND - 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