Micron is set to receive $6.1 billion in grants from the U.S. Commerce Department under the CHIPS and Science Act, according to Bloomberg. The money will be used to build a massive DRAM fab that will make memory chips on a EUV-based process technology and is set to come online by the end of the decade. There are also plans for a brand-new fab complex in the state of New York over the next 20 years.
Micron has rather massive expansion plans both worldwide and the United States. In the U.S., Micron broke ground on its $15 billion EUV DRAM fab near its headquarters in Boise, Idaho, back in late 2022. The semiconductor production facilities will be one of the largest DRAM plants in the world. In 2022, the company also announced plans to build a $100 billion fab complex consisting of four modules in New York state over the next 20 years. The fab complex is expected to produce DRAM, 3D NAND, and novel types of memory that may not even exist just yet.
