Micron is announcing our commitment to invest $40 billion in leading-edge memory manufacturing. As a result of the CHIPS and Science Act, a major legislative milestone, this will be the largest semiconductor investment ever made in the U.S.
Micron President and CEO Sanjay Mehrotra describes the importance of our $40B investment in U.S. memory manufacturing.
From 5G smartphones to the AI-enabled cloud, memory fuels everything that computes and is essential to growing the data economy. To address 2030-era demand for memory, Micron plans to invest more than $150 billion globally in manufacturing and R&D over the next decade. But that's just the first step — securing access to leading-edge memory is a long-term investment that also requires sustained government support.
Watch Micron President and CEO, Sanjay Mehrotra, speak about the company's plans to invest more than $150 billion globally over the next decade in leading-edge manufacturing and R&D, including potential fab expansion in the United States. In conjunction with ongoing government support, he says, Micron's investment can help solidify long-term U.S. leadership in global semiconductor manufacturing and drive future technology innovation.
Memory has grown from 10% of the semiconductor market in 2000 to almost 30% today, and will only continue to grow as the global data economy keeps expanding. With compute-intensive technologies like AI and 5G driving future demand, our investment in leading-edge manufacturing will help position Micron to best serve customer requirements as well as strengthen U.S. technology leadership.
As one of the world's largest semiconductor manufacturers, Micron's planned investment uniquely positions us to address the fast-growing demand for memory. Our manufacturing investments over the next 10 years have the potential to create tens of thousands of new jobs, fuel business opportunities in local communities, and benefit the broader global communities where we invest and operate.
As part of our intended worldwide investment, Micron is actively engaging with government representatives globally, including in the U.S., to discuss plans for potential manufacturing expansion at existing and new sites. Sustained government support is critical for cost-competitive delivery of large-scale memory manufacturing and for enabling leading-edge Micron memory into the next decade.