Micron has announced plans to invest up to $100 billion over the next 20+ years to build what it’s calling a “megafab” in Clay, New York. The new fab is the largest ever announced for the United States and is said to create roughly 50,000 jobs in the state. Micron has stated this is another step in its plan to increase its DRAM production within the United States to 40% across the next decade. The site will enter a preparation phase in 2023 with construction to start in 2024 and then production will ramp up by the end of the decade. Micron’s strategy also includes other locations across America with three in California (Folson, above image), and then Texas, Colorado, Minnesota, and Idaho.
Press Release
Micron intends to invest up to $100 billion over the next 20-plus years to construct a new megafab in Clay, New York, with the first phase investment of $20 billion planned by the end of this decade. This represents the largest private investment in New York state history. Micron’s investment in Onondaga County, New York, will complement the company’s previously announced high-volume manufacturing fab in Boise, Idaho. Micron will design, build and operate the facility in accordance with its sustainability goals. The site could eventually include four 600,000 square foot cleanrooms, for a total of 2.4 million square feet of cleanroom space – the size of approximately 40 U.S. football fields.
Micron and New York will partner to invest $500 million into community and workforce development with a focus on disadvantaged populations. This investment will also span the 20+ year timeline planned for the megafab.
Micron and the state of New York are also announcing a historic $500 million investment in community and workforce development with a focus on disadvantaged populations over the duration of the project. Micron will invest $250 million over the next 20-plus years as part of the company’s commitment to the Green CHIPS Community Investment Fund. An additional $250 million is expected to be invested, with $100 million from New York and $150 million from local, other state and national partners.
Aimed at expanding and preparing the workforce in the region and providing additional support for disadvantaged community populations, the fund will be used for workforce training, education programs, housing and other community investments. Micron will work with the state and other partners to form a local Community Advisory Committee to provide inputs into additional future investments from the Fund.
Source: Micron