Micron (MU) Commits to Spend $150 Billion on Memory and R&D Over the Next Decade, Will Build a $7 Billion Plant in Japan and Considers Building a New US Memory Factory

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Micron considering new U.S. memory chip factory as it gears up spending

October 20, 2021 6:04 AM EDT

By Stephen Nellis

(Reuters) - Micron Technology Inc said on Wednesday it is considering building a new memory factory in the United States but that state and federal subsidies will be needed to offset costs that are higher than its factories in Asia.

The Boise, Idaho-based company is the only American firm that makes both key types of memory chips, competing against South Korea's Samsung Electronics Co Ltd and SK Hynix and Japan's Kioxia, Toshiba's former memory chip unit.

Micron has pilot... More

Micron Technology (MU) to Invest $150B in Global Manufacturing and R&D Investments

October 20, 2021 6:04 AM EDT

Micron Technology, Inc. (Nasdaq: MU) announced that it intends to invest more than $150 billion globally over the next decade in leading-edge memory manufacturing and research and development (R&D), including potential U.S. fab expansion. Microns investment will address increasing demand for memory that is essential to all computing.

Memory and storage are a growing portion of the global semiconductor industry, and today represent approximately 30% of the semiconductor market. Secular growth drivers like 5G and AI will expand usage of memory and storage across the data center and the intelligent... More

Mizuho Securities Downgrades Micron Technology (MU) to Neutral

October 19, 2021 5:56 PM EDT

Mizuho Securities analyst Vijay Rakesh downgraded Micron Technology (NASDAQ: MU) from Buy to Neutral with a price target of $75.00 (from $90.00).

The analyst commented, "While MU has been executing well, 4Q21-2Q22 could see DRAM pricing down 8%-10% q/q through consecutive... More