U.S. markets closed
  • S&P 500

    4,026.12
    -1.14 (-0.03%)
     
  • Dow 30

    34,347.03
    +152.97 (+0.45%)
     
  • Nasdaq

    11,226.36
    -58.96 (-0.52%)
     
  • Russell 2000

    1,869.19
    +5.67 (+0.30%)
     
  • Crude Oil

    76.28
    -1.66 (-2.13%)
     
  • Gold

    1,754.00
    +8.40 (+0.48%)
     
  • Silver

    21.43
    +0.06 (+0.29%)
     
  • EUR/USD

    1.0405
    -0.0008 (-0.07%)
     
  • 10-Yr Bond

    3.6910
    -0.0150 (-0.40%)
     
  • GBP/USD

    1.2091
    -0.0023 (-0.19%)
     
  • USD/JPY

    139.1000
    +0.5100 (+0.37%)
     
  • BTC-USD

    16,546.68
    -37.65 (-0.23%)
     
  • CMC Crypto 200

    386.97
    +4.32 (+1.13%)
     
  • FTSE 100

    7,486.67
    +20.07 (+0.27%)
     
  • Nikkei 225

    28,283.03
    -100.06 (-0.35%)
     

Micron to invest up to $100 billion to build a 'megafab' in Clay, New York

Micron to invest up to $100 billion to build a 'megafab' in Clay, New York

Micron Technology Inc. announced Tuesday plans to invest up to $100 billion over the next 20 years to build the U.S.'s largest semiconductor fabrication facility in central New York. The memory chip company's stock surged 4.4% in morning trading, and has run up 10.0% amid a three-day win streak. Micron said the new "megafab" in Clay, New York will create nearly 50,000 jobs in New York, including about 9,000 Micron jobs. The first-phase investment of $20 billion is planned by the end of the decad