Micron Technology Inc. (NASDAQ: MU), an Idaho-based microchip manufacturer with a big plant in Manassas, said Wednesday it would invest more than $150 billion over the next decade into its manufacturing and research.
The company said the investment may include potential new factories in the U.S., but warned that domestic expansion is only appetizing if government funding and refundable tax credits are made available. Micron cited U.S. microchip manufacturing costs being 35% to 45% higher than “lower-cost markets” in its appeal for economic incentives.
“We look forward to working with governments around the world, including in the U.S. where CHIPS funding and the FABS Act would open the door to new industry investments, as we consider sites to support future expansion,” Micron President and CEO Sanjay Mehrotra said in a statement, mentioning federal legislation to incentivize and support semiconductor manufacturing.
The news of the investment comes a few weeks after the city of…
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