Saturday, December 21, 2024

Micron Secures $275M Federal Boost for Manassas Chip Plant Expansion

Micron Technology, a leading U.S.-based semiconductor chip manufacturer, is set to receive up to $275 million in federal funding to upgrade its Manassas, Virginia, facility. This investment, announced Tuesday by Senator Mark Warner, aims to boost domestic semiconductor production, creating nearly 950 construction jobs and over 400 manufacturing positions.

“Making more of these chips in America will strengthen our national security and create jobs,” said Warner, who played a pivotal role in advocating for the funding. Warner, chairman of the Senate Select Committee on Intelligence, emphasized the importance of bolstering domestic manufacturing of critical technologies like semiconductors.

Semiconductor chips are crucial for a range of everyday devices, from smartphones and vehicles to appliances. Despite their ubiquity, only a small fraction of these chips are produced in the United States. Warner spearheaded the CHIPS for America Act in 2020 to address this issue, laying the groundwork for the CHIPS and Science Act of 2022, which allocated billions to revitalize the semiconductor industry.

Micron’s Manassas facility, located at 9600 Godwin Drive, will be upgraded to produce 1-alpha technology chips, which are more efficient and powerful. This marks a significant step in onshoring advanced memory chip production. Micron is currently the only U.S.-based memory chip manufacturer.

This funding is part of a broader $6.1 billion federal investment in Micron, which includes projects in Clay, New York, and Boise, Idaho. Micron’s $125 billion long-term investment aims to create 20,000 jobs by 2030 and increase the U.S. share of advanced memory manufacturing to 10% within a decade.

This initiative underscores the government’s commitment to reducing reliance on foreign chip manufacturing and securing America’s technological future.

Reference:

See US Department of Commerce press release here.

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