Micron Technology announced that it will invest approximately $15 billion by 2030 to build a new cutting-edge memory manufacturing facility in Boise, Idaho, which will be the first new memory manufacturing facility built in the United States in 20 years , to ensure the domestic supply of leading-edge memory needed in markets such as automotive and data centers.

Micron said this is the first of several investments Micron plans to make in the U.S. following the passage of the Chip and Science Act.

The announcement is part of Micron's intention to invest more than $150 billion globally in manufacturing and R&D over the next decade, including plans to invest $40 billion by the end of the decade to build leading memory manufacturing in the U.S. in multiple phases.