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Micron Plans $3Bn Investment on Memory Technology

Micron Technology will invest $3 billion by 2030 to spur its memory production at its semiconductor plant in Manassas, Virginia, creating 1,100 new jobs within the next decade.

Micron Technology

Micron Technology announces long-term plans of investment to foster its memory production. Micron will invest $3 billion by 2030 to spur its memory production at its semiconductor plant in Manassas, Virginia, creating 1,100 new jobs within the next decade.

Located about 40 miles west of Washington, D.C., the expansion is known to support Micron’s leadership in the rapidly growing market for high quality, high-reliability memory products.

Micron’s expansion will also include a global research development center in Manassas for the expansion of memory and storage solutions for automotive, industrial and networking markets.

It will include laboratories, test equipment and a staff of approximately 100 engineers.

“Micron’s Manassas site manufactures our long-lifecycle products that are built using our mature process technologies, and primarily sold into the automotive, networking and industrial markets,” said Micron President and CEO Sanjay Mehrotra. “These products support a diverse set of applications such as industrial automation, drones, the IoT and in-vehicle experience applications for automotive. This business delivers strong profitability and stable, growing free cash flow. Micron is grateful for the extensive engagement of state and local officials since early this year to help bring our Manassas expansion to fruition. We are excited to increase our commitment to the community through the creation of new highly skilled jobs, expanded facilities and education initiatives.”

Further info about Micron Technology’s expansion project: Click here

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