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

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

20211018 Micron Technology headquarters in Biose, Idaho

U.S. memory chip maker Micron has unveiled a decade-long $150 billion expansion plan as governments around the world vie for semiconductor investment. © Getty Images

CHENG TING-FANG and LAULY LI, Nikkei staff writers

October 20, 2021 20:08 JST

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.