Micron to invest $15 billion on memory chip plant in Boise

By MATT OTT
AP Business Writer

Micron will invest $15 billion though the end of the decade on a new semiconductor plant in its hometown that the chipmaker said will create 17,000 American jobs. Sanjay Mehrotra, president and CEO of Boise, Idaho-based Micron, said his company’s investment was made possible by last month’s passage of the CHIPS and Science Act. The CHIPS bill sets aside $52 billion to bolster the semiconductor industry, which due to COVID-related supply chain constraints, struggled to manufacture the diminutive chips that power everything from smartphones to computers to automobiles.