Micron Technology invests $2.17B to modernize semiconductor manufacturing plant in Virginia
Micron Technology, Inc. has announced plans to expand its operation in Manassas, Virginia. The company, which specializes in semiconductor manufacturing, will invest $2.17 billion into the project, creating 340 new jobs for the surrounding area. According to the company, the investment will enable Micron to modernize its existing facility to produce state-of-the-present DRAM memories and address future demand for domestic automotive, aerospace, defense and industrial markets.
To help support the project, Micron will be eligible to receive a special appropriation of up to $70 million based on an investment of more than $2.1 billion and the creation of 340 jobs.
What people are saying
In a recent quote, Micron President and CEO Sanjay Mehrotra said, “As the only U.S.-based manufacturer of memory, Micron is uniquely positioned to bring state-of-the-present memory manufacturing to the U.S., strengthening the country’s technology leadership and fostering advanced innovation. Micron’s investments in domestic semiconductor manufacturing capabilities, supported by the bipartisan CHIPS Act and the incentives offered by the Commonwealth of Virginia and the City of Manassas, will help drive economic growth and ensure that the U.S. remains at the forefront of technological advancements. Micron is grateful for Governor Glenn Youngkin and the General Assembly’s continued support as we work to produce long-lifecycle DRAM products in Virginia to meet the future memory demand for U.S. defense, aerospace, automotive, and industrial customers.”
Governor Glenn Youngkin added, “Micron Technology's historic $2.17 billion investment in Manassas reinforces Virginia's position as a leader in advanced semiconductor manufacturing. For more than two decades, Micron has demonstrated that Virginia's skilled workforce, strategic location, and pro-business climate create an ideal environment for innovation. This expansion strengthens America's supply chain security while bringing hundreds of new jobs in one of the world's most critical industries.”
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