Micron Technology Inc., Boise, Idaho, announces plans to invest $3 billion by 2030 to increase production of electronic memory devices such as DRAM and NAND at its semiconductor manufacturing plant in Manassas, Virginia, creating roughly 1100 new jobs over the next decade.
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’s global clean room space footprint, and will primarily support enablement of DRAM and NAND technology transitions as well as a modest capacity increase at the site, in line with growing customer demand for Micron’s long-lifecycle products.
As part of this expansion, Micron will also establish a global R&D center in Manassas for the development of memory and storage solutions focused mainly on the automotive, industrial, and networking markets. The center will include laboratories, test equipment, and a staff of approximately 100 engineers.
“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,” says Micron President and CEO Sanjay Mehrotra. “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. This business delivers strong profitability and stable, growing free cash flow. Micron is grateful for the extensive engagement of state and local officials since early this year to help bring our Manassas expansion to fruition. We are excited to increase our commitment to the community through the creation of new highly skilled jobs, expanded facilities, and education initiatives.”
