Micron's massive investment in a New York State chip facility will allow 10% of the total global memory chip market to be U.S.-made by the end of the decade — up from 2% now, its CEO tells Axios.
. The push comes amid growing concern that the concentration of leading-edge chip production in Taiwan and Korea represents a threat to both national and economic security.
The company hopes to begin on-the-ground preparations for the New York facility next year, start construction in 2024 and start producing chips by the latter part of the decade, Mehrotra said. Intel, TSMC, Samsung and others have announced significant U.S. expansion plans in recent months, spurred by the promise of federal dollars.
Mehrotra acknowledged that the chip industry is cyclical and the memory business especially so, but said Micron can scale back operations in the short term while still planning for an overall increase in long-term demand.Between the lines
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