TNB Tech Minute: Micron to Invest Billions in U.S. Chip Manufacturing
WSJ Tech News Briefing
Deep Dive
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The Hoover Dam wasn't built in a day. And the GMC Sierra lineup wasn't built overnight. Like every American achievement, building the Sierra 1500 heavy duty and EV was the result of dedication. A dedication to mastering the art of engineering. That's what this country has done for 250 years.
Here's your TNB Tech Minute for Thursday, June 12th. I'm Victoria Craig for The Wall Street Journal. My
Micron Technology said today it plans to invest more than $200 billion in U.S. semiconductor manufacturing. The investment includes two high-volume fabrication plants in Idaho, up to four in New York, and an expansion and modernization of an existing location in Virginia. Micron said the investments will create roughly 90,000 direct and indirect jobs.
The Memory and Storage Solutions Company made the announcement in partnership with the Trump administration, which is sought to ramp up domestic manufacturing and make America the dominant player in AI.
Elsewhere, BioNTech has agreed to buy clinical-stage biotech company CureVac in an all-stock deal valued at about $1.25 billion. BioNTech's CEO said the plan to bring the two German companies together will allow them to develop transformative cancer treatments. The deal is expected to close this year.
And finally, an aerospace company based in Long Beach, California, Jet Zero, has long pitched a spacious, fuel-efficient commercial plane of the future. Now it's actually going to build it. The Journal exclusively reports the company plans to break ground next year on a manufacturing plant in North Carolina. It'll invest nearly $5 billion on the project, which will employ more than 14,500 workers.
Jet Zero says that'll put it on track to roll out its blended-wing planes for commercial use by 2032. For a deeper dive into what's happening in tech, check out Friday's Tech News Briefing podcast.