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Micron's $150B expansion plan comes as Manassas courts microchip maker to grow locally

·3 min read
Micron's $150B expansion plan comes as Manassas courts microchip maker to grow locally
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Micron Technology Inc. (NASDAQ: MU), an Idaho-based microchip manufacturer with a big plant in Manassas, said Wednesday it would invest more than $150 billion over the next decade into its manufacturing and research. The company said the investment may include potential new factories in the U.S., but warned that domestic expansion is only appetizing if government funding and refundable tax credits are made available. Micron cited U.S. microchip manufacturing costs being 35% to 45% higher than "lower-cost markets" in its appeal for economic incentives.