Micron Technology CEO Sanjay Mehrotra has announced a $10 billion investment in Micron Research Labs -- a new research institution.

New research on billion-dollar Megadeal tax subsidies, like Micron's $5.5B New York deal, finds a hidden benefit: more innovation among nearby, unrelated local firms.

The research facility will bring together industry, government, academia and other stakeholders to pursue AI memory compute breakthroughs. Construction is expected to begin next…