Micron (Virginia)

On December 10, 2024, the Biden-Harris Administration announced that the U.S. Department of Commerce and Micron have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $275 million in proposed direct funding under the CHIPS and Science Act.

• The proposed project would onshore Micron’s 1-alpha technology to its Manassas facility, significantly increasing monthly wafer output.  
• Micron’s 1-alpha node, an advanced DRAM process technology, offers meaningful improvements in bit density, power efficiency, and performance capability.
• This proposed investment would advance U.S. supply chain resiliency because the legacy DRAM memory chips that would be made in Virginia are important components for the automotive and industrial markets. 
• Micron’s proposed project in Manassas would be expected to create over 400 manufacturing jobs and up to 2700 community jobs at the peak of the project.