Business
Samsung, Micron Warn China's Xian Lockdown Could Aggravate Memory Chip Manufacturing
December 30, 2021
August 9, 2022
Micron said it will create up to 40,000 jobs in the U.S., including 5,000 highly paid technical and operational roles. The company said the additional capacity will bring the U.S. market share of memory chip production from 2 percent to 10 percent. Micron expects to begin production in the second half of the decade.
The CHIPS and Science Act aims to revitalize domestic chip manufacturing and boost U.S. competitiveness with China. The U.S. produces about 10% of the world’s supply of semiconductors but otherwise relies on East Asia for 75% of the global production.
The CHIPS Act also spurred Qualcomm to commit to spending an additional $4.2 billion on chips from GlobalFoundries’ New York facility. Qualcomm, the leading fabless semiconductor company in the world, announced plans to increase semiconductor production in the U.S. by 50 percent over the next five years.
Likewise, Intel in January announced plans to invest up to $100 billion to build a new chip complex in Ohio, starting with an initial $20 billion commitment. The full scope of the project also relies heavily on funding from the CHIPS Act.
