Micron Breaks Ground on New U.S. Memory Plant with $15 Billion Investment

US memory chip company Micron Technology broke ground on Monday on a $15 billion factory in Boise, Idaho. In addition, the company also announced that another new factory in the United States is about to open, which will be announced in the coming weeks.

The Boise plant is expected to be operational in 2025. Both factories will make DRAM chips, which are used in large quantities in data centers, personal computers, and other equipment. Once operational, the U.S. factory will account for 40 percent of Micron's global DRAM production, up from just 10 percent today, CEO Sanjay Mehrotra said.

Micron said it would be the first new memory chip factory to be built in the U.S. in 20 years and would create 2,000 jobs in the future. Separately, Intel Corp. will start construction on Friday on a $20 billion factory in Ohio to produce cutting-edge processor chips.

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