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Micron Hosts U.S. Secretary of Commerce and Congressional and Local Leaders at its State-of-the-Art Manassas, Virginia Fabrication Facility

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Micron Technology (Nasdaq: MU) hosted U.S. Secretary of Commerce Gina Raimondo and other officials at its Manassas, Virginia facility, emphasizing its role as the sole U.S. manufacturer of memory and storage products. The event highlighted the significance of federal support for the semiconductor industry, a vital sector for economic growth. Micron’s President, Sanjay Mehrotra, expressed gratitude for government efforts and mentioned the company's expansion in Manassas. He reiterated the importance of the CHIPS for America Act in promoting domestic manufacturing and innovation in semiconductors.

Positive
  • Micron is the only U.S. manufacturer of memory and storage products, enhancing its competitive edge.
  • The company is expanding its facility in Manassas, signaling growth and increasing production capabilities.
  • Federal support for the semiconductor industry may provide financial and operational benefits to Micron.
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  • None.

MANASSAS, Va., May 24, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today hosted U.S. Secretary of Commerce Gina Raimondo and Congressional and local officials for a tour of its Manassas, Va., advanced manufacturing facility. The visit underscored the importance of domestic semiconductor manufacturers, and highlighted Micron’s position in the industry as the only manufacturer of memory and storage products in the U.S. Secretary Raimondo was joined by U.S. Senators John Cornyn (R-TX) and Mark R. Warner (D-VA) along with Manassas Mayor Michelle Davis-Younger.  

In a joint press conference, Secretary Raimondo, Senator Cornyn and Senator Warner highlighted the importance of federal support for the U.S. semiconductor industry, a vital component of the U.S. economy that underpins advancements in critical infrastructure. Micron President and CEO, Sanjay Mehrotra​, noted the company’s expanding footprint in Manassas and expressed gratitude for the U.S. Government’s efforts to further promote innovation and strengthen the domestic semiconductor industry. 

“Over the last year, there has been an increased focus on the importance of semiconductors – here in the U.S. and around the world,” said Mehrotra. “Semiconductors are the foundation on which the modern economy is built, and the applications they enable have kept America on the leading edge of technology innovation. As the only U.S. company that develops, manufactures, and sells leading-edge memory and storage products, we are energized to see the growing momentum to promote domestic semiconductor investments. The CHIPS for America Act aims to incentivize more manufacturing, R&D and innovation here in the U.S., and we look forward to continuing to work with Congress to see it across the finish line.”

Micron’s Manassas, Virginia operation serves as a Center of Excellence for the company’s long-lifecycle memory and storage solutions that are key to driving growth in the intelligent edge including automotive, industrial, networking and consumer markets. The site plays a critical role in producing memory that is in nearly half of all automobiles today.

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2021 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Media Relations Contact
Erica Rodriguez Pompen
Micron Technology, Inc.
+1 (408) 834-1873 
epompen@micron.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/47b5e127-ece2-47d1-b252-cc5ce67e7794


FAQ

What recent event involved Micron Technology and U.S. Secretary of Commerce?

Micron hosted U.S. Secretary of Commerce Gina Raimondo at its Manassas facility on May 24, 2021.

How is Micron Technology positioned in the U.S. semiconductor industry?

Micron is the only manufacturer of memory and storage products in the U.S., highlighting its unique market position.

What does the CHIPS for America Act aim to achieve for Micron Technology?

The CHIPS for America Act aims to incentivize domestic manufacturing and innovation in the semiconductor industry, which could benefit Micron.

What role does Micron's Manassas facility play in the industry?

Micron's Manassas facility is a Center of Excellence for long-lifecycle memory and storage solutions, crucial for various markets.

Who accompanied U.S. Secretary of Commerce during her visit to Micron Technology?

U.S. Senators John Cornyn and Mark R. Warner, along with Manassas Mayor Michelle Davis-Younger, joined the visit.

Micron Technology, Inc.

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