Micron breaks ground on $15 billion US chip plant, says more to come soon

Micron Technology Inc, the biggest US memory chip company, on Monday will break ground for a $15 billion factory in Boise, Idaho, and its chief executive told Reuters an announcement of another new US plant will be coming soon.

“We are in final stages of another high volume manufacturing site that is going to be announced in the coming weeks,” CEO Sanjay Mehrotra said.

Both plants will produce DRAM chips that are widely used in data centers, personal computers and other devices. Once operational, US plants will account for 40% of Micron’s DRAM production volume globally, up from 10% today, Mehrotra said. The Boise factory will be operational in 2025, he said.