Micron, the only US manufacturer of dynamic random-access memory (DRAM) chips, is doubling down on US manufacturing amid China’s bans on US technologies. With plans to bring advanced memory production to the US, Micron aims to increase its share of DRAM production from its current 2% to 15% in the next 20 years. The company is investing $15 billion in a chip fabrication plant in Boise, Idaho, and another $100 billion over 20 years to build four fabs in New York. Micron’s expansion comes as the demand for memory chips, driven by smartphones, computers, AI, and other applications, continues to grow.
However, Micron faces challenges, such as the major price slump for memory chips and tensions with China. Despite this, Micron remains optimistic about its growth in the smartphone business and its foray into rapid-growth markets like automotive and AI. The company also emphasizes the need for a predictable investing environment between the US and China. With investments, government incentives, and CHIPS and Science Act assistance, Micron aims to increase its US chip manufacturing and reduce dependence on Asia.