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Micron to expand US investments to about $200 billion

Economic Times

Economic Times · 8m ago

Micron to expand US investments to about $200 billion

Micron Technology plans to expand its U.S. investments to approximately $200 billion, with $150 billion allocated to domestic memory manufacturing and $50 billion to research and development. The expansion includes constructing a second memory fabrication facility in Boise, Idaho, and enhancing an existing facility in Manassas, Virginia. The investment focuses on establishing advanced packaging capabilities in the U.S., essential for high bandwidth memory used in artificial intelligence markets. Shares fell by 1% in premarket trading.

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Karnataka seeks Centre's support for semiconductor investments akin to Gujarat

Economic Times

Economic Times · 1y ago

Karnataka seeks Centre's support for semiconductor investments akin to Gujarat

Industries & Infrastructure Minister MB Patil is seeking similar support for semiconductor investments in Karnataka as Gujarat has received for Micron Technology's project. Micron, a US chipmaker, has pledged a $2.75 billion investment to set up a plant in Gujarat, receiving a 50% subsidy from the central government and 20% incentives from the state government. Patil plans to meet with Heavy Industries Minister HD Kumaraswamy to request equal treatment for Karnataka. IT/BT Minister Priyank Kharge had downplayed Micron's investment, questioning the level of investment coming from Gujarat.

Micron to get $6 billion from US govt for domestic chip factories

Livemint

Livemint · 1y ago

Micron to get $6 billion from US govt for domestic chip factories

Micron Technology is expected to receive over $6 billion in grants from the US Commerce Department to support its domestic factory projects. The grants are part of an initiative to bring semiconductor production back to the US. Micron, the largest US maker of computer memory chips, is building factories in New York and Idaho. The award, which is yet to be finalized, could be announced as early as next week. In addition to the grants, it is uncertain whether Micron will also seek loans available through the 2022 Chips and Science Act.

US considering more than $10 billion in subsidies for Intel

Livemint

Livemint · 2y ago

US considering more than $10 billion in subsidies for Intel

The US government is reportedly in talks to provide more than $10 billion in subsidies to Intel Corp. The subsidies are expected to be in the form of loans and direct grants. The funding comes from the CHIPS Act program, aimed at boosting semiconductor manufacturing and supply chain investments. Intel plans to use the funds to build chip factories in Arizona, New Mexico, and Ohio. Other companies such as Micron, Samsung Electronics, and Taiwan Semiconductor Manufacturing Co have also applied for US funding for their chip factories.

US firms up $6.2 billion Micron funding to boost chipmaking

Economic Times

Economic Times · 1y ago

US firms up $6.2 billion Micron funding to boost chipmaking

The Biden administration has finalized an investment of nearly $6.2 billion in Micron Technology to boost domestic semiconductor production. The move is part of ongoing efforts to reduce dependency on foreign countries, particularly China, for semiconductors. The funding aims to bring advanced memory semiconductor technology development and production to the US, securing leadership in artificial intelligence and protecting national security. This investment is part of the CHIPS and Science Act, which intends to strengthen the US semiconductor industry. Micron plans to invest significantly in New York, Idaho, and Virginia, creating jobs and supporting a stable supply of its technology.

Micron, Dell, HP win appeal over conflict claims tied to US patent official

Economic Times

Economic Times · 1y ago

Micron, Dell, HP win appeal over conflict claims tied to US patent official

A US appeals court has supported decisions made by the US Patent and Trademark Office (USPTO) regarding Micron, Dell, and HP, despite the fact that the attorney who represented the tech companies later became the director of the office. The court stated that Unification Technologies, the patent owner, failed to show that the attorney's previous involvement in the case influenced the administrative judges who invalidated its patents. Unification sued Micron, Dell, and HP for patent infringement relating to memory chip data management in 2020. The cases involving HP and Dell have been dismissed, while the Micron case is ongoing.

Micron to invest $9.6 billion in Japan to build AI memory chip plant, Nikkei reports - The Economic Times

Economic Times

Economic Times · 2m ago

Micron to invest $9.6 billion in Japan to build AI memory chip plant, Nikkei reports - The Economic Times

Micron Technology plans to invest $9.6 billion to build a next-generation memory chip manufacturing facility in Hiroshima, Japan, to support artificial intelligence computing. The construction is set to begin in May next year, with shipments expected by 2028. Japan's Ministry of Economy, Trade and Industry will provide up to 500 billion yen for the project as part of its strategy to revive the nation's semiconductor industry and attract foreign investments, diversifying production from Taiwan.

Micron's New York chips project under US environmental review

Economic Times

Economic Times · 1y ago

Micron's New York chips project under US environmental review

The US Army Corps of Engineers is reviewing Micron's proposals for a massive manufacturing campus in New York that would produce dynamic random-access memory chips. Micron plans to invest up to $100 billion over the next two decades in the 1,400-acre facility. The company has applied for funding under the Commerce Department's semiconductor subsidy program and an environmental review is required for government funding. Micron aims to begin construction next year, with two fabrication units operational by 2029. The project also includes a childcare and healthcare center, a connection to the National Grid substation, and a rail spur.

China warms to US chipmaker Micron as tensions with Washington ease

Economic Times

Economic Times · 2y ago

China warms to US chipmaker Micron as tensions with Washington ease

China's commerce minister, Wang Wentao, has expressed a welcoming stance towards Micron Technology's expansion in the Chinese market, signaling a thaw in relations between the US semiconductor company and China. This comes after China previously barred Chinese operators from buying from Micron, which was seen as retaliatory action against US restrictions on Chinese access to technology. The meeting between Wang and Micron's president, Sanjay Mehrotra, is in line with recent efforts to ease tensions between the two countries, with a planned meeting between US President Joe Biden and his Chinese counterpart Xi Jinping.

Micron plans $24-billion memory chipmaking plant in Singapore - The Economic Times

Economic Times

Economic Times · 20d ago

Micron plans $24-billion memory chipmaking plant in Singapore - The Economic Times

Micron Technology plans a $24 billion investment to establish a new memory chip manufacturing facility in Singapore. The facility will aid in addressing the global memory chip shortage and meet rising demand, driven by AI and data-centric applications. The advanced wafer fabrication facility will commence operations in 2028. Additionally, Micron is also building a $7 billion advanced packaging plant for AI chips, slated to start production in 2027, contributing significantly to the chip supply.

US Commerce Secretary warns some Korean, Taiwanese firms may face 100% chip tariffs unless they invest in US - The Economic Times

Economic Times

Economic Times · 29d ago

US Commerce Secretary warns some Korean, Taiwanese firms may face 100% chip tariffs unless they invest in US - The Economic Times

U.S. Commerce Secretary Howard Lutnick warned South Korean and Taiwanese chipmakers of potential 100% tariffs unless they expand manufacturing within the U.S. This strategic move, aligning with the Trump administration’s industrial policy, aims to boost domestic production and reduce reliance on imported chips. While Micron Technology is planning major U.S. expansions, firms like Samsung and SK Hynix are weighing their options. Taiwan’s new trade agreement allows some tariff relief tied to U.S. investments.

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