Micron Technology(US:MU) 半导体行业观察·2025-07-02 01:50Core Viewpoint - Micron Technology announced a significant expansion plan in the U.S., with a total investment of approximately $200 billion over the next 20 years, including $150 billion for manufacturing and $50 billion for R&D, aiming to produce 40% of DRAM products domestically by 2032 [1][10]. Investment Plans - The company plans to build six DRAM fabs in the U.S. over the next 20 years: two in Boise, Idaho, and four in Clay, New York [10]. - The first new fab in Idaho (ID1) is expected to reach production by the second half of 2027, with a cleanroom area of 600,000 square feet, making it one of the largest and most advanced DRAM production facilities globally [3][4]. - The second fab (ID2) will be located near ID1 and is anticipated to start production before the New York fabs [5]. R&D Investments - Micron plans to invest $50 billion in R&D over the next 20 years, which is a significant increase compared to its previous R&D spending of approximately $3.43 billion in 2022 [7][10]. - The company has committed to allocating 10% to 20% of its revenue for R&D from 2022 to 2024, indicating a strong focus on innovation [7]. Employment and Economic Impact - The investment is expected to create around 90,000 direct and indirect jobs in the U.S., reinforcing the domestic semiconductor industry [1][8]. - Micron's plans are supported by local, state, and federal government incentives, including up to $6.4 billion from the CHIPS Act for the Idaho and New York fabs [8]. Challenges and Future Outlook - Despite the ambitious plans, Micron faces challenges in starting construction in New York, which is contingent on completing federal and state environmental assessments [4][5]. - The company continues to operate and expand its DRAM fabs outside the U.S., indicating that a significant portion of its volatile memory production will remain overseas [11].