“Micron is already a leader for and from Idaho, but the latest commitments and funding mean that Micron will be a national and global leader for decades to come,” said Governor Little. “Micron and the State of Idaho have a long-standing partnership, and I look forward to our continued cooperation as we pursue a shared goal of building opportunity for Idahoans through chip manufacturing.”
“Today marks the culmination of years of hard work and unwavering commitment from our bi-partisan site attraction team to develop the White Pine Commerce Park into the premier hub for memory technology manufacturing in the world. New York is now on the brink of an economic renaissance, and with Micron’s investment, Onondaga County is leading the charge,” said County Executive McMahon. “Micron’s CHIPS Act funding solidifies their partnership with the people of Onondaga County, and I am thankful for the partnership of President Biden and Sen. Schumer, who have put Central New York at the center of the American high-tech manufacturing revival. I look forward to our continued work with Micron to transform our county and our region.”
“I’m thrilled that our own home-grown company, Micron, will receive significant funding through the CHIPS & Science Act, and I thank President Biden for his leadership and commitment to growing American jobs and companies,” said Mayor McLean. “This CHIPS investment makes possible the once in a lifetime investment here in Boise and in Central New York. We look forward to the continued progress Micron makes through these federal investments in chip manufacturing, as Boise and Central New York become national and global hubs for memory technology.”
In addition to the Idaho and New York projects, Micron has submitted an application under the CHIPS program to the Department of Commerce to modernize its Manassas, Virginia fab for the production of long-lifecycle chips to support customer demand in areas such as automotive, industrial, aerospace and defense.
Micron honors the rights of all team members to contribute to decisions about their work, how it is performed and organizational direction. Micron respects the rights of workers to form and join trade unions of their own choosing, to bargain collectively and to peacefully assemble as permitted under applicable local law. It is the right of workers to share ideas and concerns with management, free of fear of reprisal. Micron invests in a culture that creates an inclusive, engaging and innovative experience for all team members. This culture anchors in people and purpose - unlocking the full potential of each individual and fueling future innovation and growth.
The PMT provides that the award is subject to due diligence and the negotiation and signing of a definitive agreement with the Department of Commerce, and the disbursement of funds will be conditioned upon the achievement of certain milestones and other requirements. The additional terms of the agreement remain confidential.
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
© 2024 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements regarding the development of manufacturing facilities, expected tax credits and incentives, fab opening and output timing expectations, expected market share and bit demand growth, and job creation and community impact. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents the Company files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the Company’s actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at https://investors.micron.com/risk-factor. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. The Company is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.
Micron Media Relations Contact Erica Rodriguez Pompen Micron Technology, Inc. +1 (408) 834-1873 epompen@micron.com Micron Investor Relations Contact Satya Kumar Micron Technology, Inc. +1 (408) 450-6199 satyakumar@micron.com
