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Micron Plans Gov. Glenn Youngkin said the company will invest $2.17 billion to expand its semiconductor facility in Manassas, Virginia, which will create 340 jobs and enhance its semiconductor production capacity in the United States. The project will upgrade the facility to produce specialized DRAM memory for industrial, automotive, aerospace and defense applications.
Earlier this month, Micron announced it had secured $275 million in federal funding under the Chips and Science Act to upgrade its long-life DRAM factory in Manassas, Virginia, and move DRAM production for the automotive industry from Taiwan to the United States. At that time, the company He said Its Virginia plant employs 1,230 people and the expansion will create 950 construction jobs and more than 400 manufacturing jobs.
Micron could also receive up to $70 million in private financing approved by the MEI committee. This financing depends on the company investing more than $2.1 billion and creating 340 new jobs, and requires final approval from the Virginia General Assembly.
Micron did not say how it plans to upgrade the fab and how much additional manufacturing capacity it will add to the production facility. Typically, long-life DRAM for industrial, automotive, aerospace, and defense applications is produced in relatively small quantities, so specialized memory facilities are not large. Because specialized DRAM is not manufactured using sophisticated processing techniques, Micron does not need to purchase expensive UV atomizers to manufacture. However, for $275 million, it could buy a lot of DUV lithography systems for $30 million to $50 million.
Senators Mark Warner and Tim Kaine praised the CHIPS Act for facilitating this investment, highlighting its importance to the Patriots. protectionEconomic competitiveness, and strengthening local supply chains. Both stressed the critical role the chip industry plays in securing America’s technological future.
“As the only U.S.-based memory manufacturer, Micron is uniquely positioned to bring cutting-edge memory manufacturing to the U.S., strengthen the nation’s technology leadership and foster advanced innovation,” said Sanjay Mehrotra, President and CEO of Micron. (…) Micron is grateful to Governor Glenn Youngkin and the General Assembly’s continued support as we work to produce long-life DRAM products in Virginia to meet the future memory demand of U.S. defense, aerospace, automotive, and industrial customers.”
