Micron breaks ground on $100bn megafab project in US

Core Insights - Micron Technology has commenced construction on a $100 billion memory manufacturing facility in Onondaga County, New York, which will be the largest semiconductor complex in the US and is expected to create 50,000 jobs statewide [1][4]. Group 1: Project Details - The facility will consist of up to four fabrication plants and is part of Micron's broader $200 billion US expansion initiative [1][4]. - Manufacturing at the New York megafab is scheduled to begin in 2030, with planned capacity increases in subsequent years [6]. Group 2: Financial Commitments - Micron has entered into a $500 million agreement with Empire State Development, allocating $250 million for workforce training, education initiatives, and community improvements [4]. - This investment represents the largest private investment in New York's history [4]. Group 3: Strategic Partnerships and Acquisitions - Micron signed an exclusive letter of intent to acquire Powerchip Semiconductor Manufacturing Corporation's P5 fabrication site in Taiwan for $1.8 billion, which includes a 300mm cleanroom facility [6][7]. - The acquisition will foster a strategic partnership focusing on post-wafer assembly processes and support for legacy DRAM products [7]. Group 4: Job Creation and Economic Impact - The overall expansion strategy is expected to support approximately 90,000 American jobs across all sites, with a goal of producing 40% of the company's DRAM output domestically [5].