As Demand for AI Memory Soars, Micron Earmarks $200bn to Boost Production
Micron Technology, the largest manufacturer of memory chips in the U.S., has caused shockwaves in the industry with its plans to inject $200 billion to rapidly expand its manufacturing capacity in order to address the booming demand for memory chips that are vital in many electronic devices like laptops and smartphones, as well as AI data centers and electric vehicles. Micron executives say their massive investment is geared at averting a supply crunch of a magnitude that hasn’t been seen in more than 40 years. The company has its headquarters in Boise, Idaho. Its campus sits on 450 acres, and…