CHIPS Act Will Level the Playing Field, Micron CEO Says

Micron announces a $15 billion investment in a new fab in Boise, enabled by the Chips Act, to boost US chip capacity and create 17,000 jobs. The investment aims to meet the growing demand for semiconductor memory by 2030. Despite global operations, Micron emphasizes the importance of US manufacturing. Government support is crucial, but market forces must guide production to avoid excess capacity. Current demand challenges are due to inventory adjustments, but long-term trends in AI, 5G, and autonomous tech remain strong. The US aims to compete with China in the memory market, focusing on technology leadership and national security.

What role does the US government play in supporting the semiconductor industry according to the text?

How does Micron plan to manage its supply growth in relation to industry demand?

What long-term demand drivers for memory technology are highlighted in the discussion?