Core Viewpoint - Micron Technology plans to invest a total of $200 billion in domestic semiconductor manufacturing and R&D, aiming to strengthen the U.S. semiconductor industry and create approximately 90,000 jobs [1][2]. Group 1: Investment Plans - Micron will invest $150 billion in domestic memory manufacturing and $50 billion in research and development [1]. - An additional $30 billion will be allocated for the construction of a second memory manufacturing facility in Boise, Idaho, and for the expansion and modernization of the existing facility in Manassas, Virginia [1]. - The overall expansion strategy includes building two high-volume wafer fabs in Idaho and up to four fabs in New York [1]. Group 2: Production Timeline - Micron's first wafer fab in Idaho is expected to start producing DRAM chips by 2027, with the second fab enhancing DRAM output to meet growing market demand [2]. - Site preparation for the New York super fab is anticipated to begin later this year, pending environmental approvals [2]. Group 3: Strategic Goals - The investment aligns with Micron's goal of producing 40% of its DRAM domestically, which is crucial for various sectors including personal computing, automotive, and artificial intelligence [1][2]. - The introduction of advanced HBM packaging capabilities in the U.S. is part of the strategy to support the growth of high-bandwidth memory essential for AI [2]. Group 4: Government Support and Funding - Micron expects to qualify for the Advanced Manufacturing Investment Credit (AMIC) and has already received $275 million in direct funding from the CHIPS Act for its Manassas facility expansion [3]. - The company anticipates receiving up to $6.4 billion in additional direct funding from the CHIPS Act to support the construction of these facilities [3]. Group 5: Workforce Development - Micron has committed to investing $325 million to develop the next generation of workforce to support the U.S. semiconductor industry, including initiatives for semiconductor curriculum development and partnerships with educational institutions [3].