Micron has announced plans to invest up to $3 billion to support the US semiconductor ecosystem, from supply chain to manufacturing.
In a statement, the company said the investment “reflects its commitment” to strengthening the supply of manufacturing materials, improving long-term flexibility, and supporting the growing demand for memory and storage.
– Micron
The planned investment will also see Micron provide GlobalWafers with $500 million in strategic financing to support the development of its GlobalWafers America 300mm raw silicon wafer manufacturing facility in Sherman, Texas. The deal will see the companies enter into a 10-year supply agreement that will provide Micron with access to “significant” raw silicon wafer capacity in support of its long-term manufacturing plans.
The partners will also collaborate on the development of next-generation wafer technologies and process innovations to support future semiconductor manufacturing requirements, Micron said. The transaction is subject to customary approvals and closing conditions.
