Micron Committed $10 Billion Over 10 Years to a Research Lab That Breaks Ground in 2027
The memory maker is putting a decade of money behind research meant to outlast the boom paying for it.
Overview
Micron Technology (NASDAQ:MU) announced something on Thursday that memory companies historically couldn't afford: an institution dedicated solely to research. Micron Research Labs, headquartered in Boise, Idaho, will be backed by a planned $10 billion investment over the next decade. The flagship facility is expected to break ground in 2027 and be capable of hosting hundreds of researchers.
The commitment comes on top of the more than $250 billion Micron has separately pledged to manufacturing and research and development (R&D) across the United States.
Details
And unlike a factory, this money isn't buying production capacity. The lab's research scope covers critical memory technologies, advanced memory and compute architectures, packaging, and future semiconductor manufacturing -- work aimed beyond today's product roadmaps, with a horizon management describes as longer than 10 years.
Source
Originally published at www.fool.com.