Boon for Manassas: Micron to invest $3 billion to boost microchip production and add 1100 jobs

Gov. Ralph Northam announced today, Aug. 29, that Micron Technology, Inc. (NASDAQ:MU) will invest $3 billion to increase memory production at its operation in the City of Manassas, creating 1,100 new jobs by 2030, according to a news release.

According to a news release, Virginia successfully secured Micron’s commitment after the company considered multiple other locations around the world. The expansion will position the Manassas site as Micron’s Center of Excellence for long-lifecycle memory and will cement the company’s position as one of Virginia’s largest exporters, as it is expected to increase exports from the Commonwealth by more than $1 billion annually after completion.

As part of the expansion, Micron will establish a global research and development center in Manassas for memory and storage solutions primarily focused on the automotive, industrial and networking markets. The research and development center will include laboratories, test equipment and approximately 100 product engineers focused on applications such as unmanned and autonomous automotive systems, the IoT (Internet of Things), and other industrial and networking applications. Additionally, the company announced that the Micron Foundation, the company’s philanthropic organization, will commit $1 million toward growing the next generation of scientists, engineers and technicians at several Virginia universities and community colleges.

“Micron’s expansion in the City of Manassas represents one of the largest manufacturing investments in the history of Virginia and will position the Commonwealth as a leader in unmanned systems and Internet of Things,” Northam was quoted as saying in a news release.. “This $3 billion investment will have a tremendous impact on our economy by creating 1,100 high-demand jobs, and solidifies Micron as one of the Commonwealth’s largest exporters. We thank Micron for choosing to deepen their roots in Virginia and look forward to partnering in their next chapter of major growth.”

Micron Technology is a world leader in innovative memory solutions. Through its global brands — Micron, Crucial® and Ballistix® — its broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by 40 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, data center, mobile, embedded, and automotive applications.