Micron's Remarkable Rise: Overcoming China Ban and Smartphone Slump to Build the Largest Chip Fab in U.S. History

Micron, the only memory chip manufacturer in the U.S., is facing challenges due to China's ban on U.S. technologies and a slump in smartphone sales. However, the company is investing $15 billion to build the biggest chip fabrication plant in U.S. history in Boise, Idaho, and plans to increase the U.S. share of dynamic random-access memory (DRAM) production from 2% to 15% by 2026. Micron is also investing $100 billion over 20 years to build four fabs in upstate New York. The company aims to diversify its base and reduce reliance on China while benefiting from government incentives and the CHIPS and Science Act.