Micron to spend $100 billion to build the largest chip manufacturing plant in the US

pxhere.com
pxhere.com

The American firm Micron Technology intends to invest up to $100 billion over 20 years to build the largest microchip manufacturing plant in the United States.

The first phase of investment in the amount of $ 20 billion will be completed before the end of this decade, Micron said in a statement.

The plant in Clay, New York will create 50,000 new jobs in the region, including 9,000 jobs on site. The capacities will be 100% provided with fuel from renewable energy sources (RES).

According to expectations, the authorities of New York will provide the company with various stimulus measures, whose amount will be $5.5 billion.

The Russian plant Mikron, located in Zelenograd and producing chips for civil electronics, will receive 7 billion rubles from the Industrial Development Fund (IDF). The money will go to expand the scale of production, writes INFOX.

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