Micron proclaims US$40 billion funding plan regardless of gloomy income forecast

Micron Expertise introduced on August 9 it might make investments US$40 billion to construct modern reminiscence manufacturing within the US. The funding, in line with Micron, will proceed in a number of phases all the best way to the tip of the last decade.

The announcement got here on the identical day when US president Joe Biden signed the US$52 billion Chips Act into regulation. Nonetheless, the funding, lauded by the corporate because the “largest ever funding in US reminiscence manufacturing,” was partially overshadowed by Micron’s pessimistic income forecast revealed on the identical day.

In a regulatory submitting, the US

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