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Semiconductors

U.S. chipmaker Micron unveils $150bn global expansion plan

Memory maker says it is in talks with 'governments in several countries'

TAIPEI -- Top U.S. memory chip maker Micron Technology on Wednesday said it will invest $150 billion in chip manufacturing and research and development over the next decade as governments around the world vie to bring vital semiconductor production on shore.

Micron's biggest-ever expansion plan, which runs through 2030, comes as the U.S., Europe, Japan and China race to boost their domestic chip supply chains amid an unprecedented global chip shortage. The U.S. Senate earlier this year passed a $52 billion bill to support domestic semiconductor manufacturing and R&D, although the package is yet to become law.

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