Micron announced Tuesday that it will invest $40 billion in memory chip manufacturing with the help of the CHIPS and Science Act.
The investment will create up to 40,000 jobs in the US, including 5,000 highly paid roles at Micron, the company said.
The announcement came after president Joe Biden signed the CHIPS and Science Act, which aims to revitalize domestic chip manufacturing and boost U.S. competitiveness with China.