On Thursday, Micron announced a $15 billion investment to build a new semiconductor factory in Idaho. This comes just weeks after Congress passed his $52 billion new fund to boost domestic chip manufacturing.
Micron’s announcement is just the latest in a series of multi-billion dollar plans to jump on the CHIPS and Science Act recently approved by the Biden administration. Last month, Micron said it would use new subsidies from the law to invest $40 billion in U.S.-based memory fabs or manufacturing plants by 2030, creating an estimated 40,000 new jobs. I was. The new Boise factory is expected to create 17,000 new jobs, including 2,000 Micron jobs, over the next eight years.
In a statement Thursday, Micron CEO Sanjay Melotra thanked the Biden administration for completing the bipartisan chip bill. It will ensure a reliable domestic supply of semiconductors critical to national security and national security, and advance U.S. technology leadership,” said Mehrotra.
President Joe Biden praised Micron’s latest investment in a statement Thursday, calling it “another big win for America.”
But until last month, it wasn’t clear if the CHIPS and Science Act would meet this year’s goals. As stalled in Congress, Intel delayed the groundbreaking ceremony for his new $20 billion Ohio chip factory, and even pitched the Biden administration to overtake an abandoned Chinese factory instead of waiting for funding approval. Did. These pitches terrified lawmakers, according to the report. new york timesand urged them to approve the bill more quickly.
Shortly after Biden signed the bill, columbus dispatch reported that the president will attend a groundbreaking ceremony for a new Intel factory this month. The company claims it will be “the largest silicon manufacturing hub on the planet” and will require 7,000 workers to build.
Mr. Biden last week signed an executive order that began providing billions of dollars in subsidies to manufacturers such as Micron and Intel. Biden’s order created a new interagency council to oversee the deployment, but it’s unclear when the Commerce Department will officially make the new funds available.
Through Biden administration priorities such as CHIPs funding and bipartisan infrastructure legislation, the federal government has invested billions of dollars in creating domestic tech and manufacturing jobs.
“Just this week I saw First Solar, Toyota, Honda and Corning make big announcements about new investments and new jobs as a direct result of my economic plans,” Biden said Thursday. “In the future, we will manufacture EVs, chips, fiber optics and other critical components here in America and build our economy from the bottom up and middle out.”
In April, Energy Secretary Jennifer Granholm provided $3.1 billion in funding to help U.S. companies manufacture and recycle lithium-ion batteries and boost EV adoption. Earlier this week, an energy startup called Sparkz announced plans to build a new battery plant in northern Virginia.