Micron Technology, Inc. (NASDAQ: MU), one of the world’s largest semiconductor companies, led by Indian American CEO Sanjay Mehrotra, plans to invest up to $2.17 billion to expand its operations in Manassas, Virginia.

For 22 years, Micron has maintained a strong presence in Manassas, excelling in advanced manufacturing. This expansion aims to enhance the facility’s semiconductor production capabilities, meeting the increasing demand for memory and storage solutions across various industries.

On December 30, 2024, Virginia Governor Glenn Youngkin announced in a statement that the project will create 340 new jobs and modernize Micron’s Manassas facility to produce state-of-the-art DRAM memory. This initiative will support critical sectors such as automotive, aerospace, defense, and industrial markets.

“Micron Technology historic $2.17 billion investment in Manassas reinforces Virginia’s position as a leader in advanced semiconductor manufacturing,” said Governor Glenn Youngkin. “For more than two decades, Micron has demonstrated that Virginia’s skilled workforce, strategic location, and pro-business climate create an ideal environment for innovation. This expansion strengthens America’s supply chain security while bringing hundreds of new jobs in one of the world’s most critical industries.”  

“The expansion of Micron Technology Manassas facility represents a significant milestone in Virginia’s semiconductor industry growth,” said Secretary of Commerce and Trade Caren Merrick. “This transformative investment leverages Virginia’s world-class talent pipeline and established advanced manufacturing capabilities. Micron’s confidence in Virginia sends a clear message that the Commonwealth is the premier location for semiconductor manufacturing and technological innovation.” 

“As the only U.S.-based manufacturer of memory, Micron is uniquely positioned to bring state-of-the-present memory manufacturing to the U.S., strengthening the country’s technology leadership and fostering advanced innovation,” said Micron President and CEO Sanjay Mehrotra. “Micron’s investments in domestic semiconductor manufacturing capabilities, supported by the bipartisan CHIPS Act and the incentives offered by the Commonwealth of Virginia and the City of Manassas, will help drive economic growth and ensure that the U.S. remains at the forefront of technological advancements.”

Mehrotra expressed his gratitude to Governor Youngkin and the General Assembly for their continued support as Micron works to manufacture “long-lifecycle DRAM products in Virginia to meet the future memory demand for U.S. defense, aerospace, automotive, and industrial customers.” 

Mehrotra joined Micron in 2017 following a distinguished career at SanDisk Corp., which he co-founded in 1988. As SanDisk’s CEO from 2011 to 2016, he led the company to Fortune 500 status before its acquisition. Mehrotra has over 40 years of experience in semiconductor memory, including roles at Intel Corp., SEEQ Technology, and Integrated Device Technology.

“Micron’s decision to expand its facility in Virginia is a direct result of the historic investments made possible by the CHIPS Act, which I proudly authored,” said Senator Mark Warner. “This expansion strengthens our nation’s semiconductor supply chain, creates good-paying jobs, and reaffirms Virginia’s leadership in the future of American manufacturing.”  

“I’m thrilled that Micron was selected to receive significant federal funding from the bipartisan CHIPS and Science Act we passed to expand its chips manufacturing facility in Manassas,” said Senator Tim Kaine. “Ensuring the U.S. can produce chips is critical for the U.S.’s economic competitiveness and national security. This investment will allow us to make more chips here at home, create jobs, and strengthen our supply chains. I’ll continue working to boost domestic manufacturing across Virginia and our country.”

“Micron’s multi-billion dollar investment is big news for the entire Manassas community, creating new good-paying jobs and further strengthening Virginia as the major hub for American chip production,” said Congresswoman Jennifer Wexton. “In Congress, I was proud to support the bipartisan CHIPS and Science Act, which delivered historic federal investments to reinvigorate the American semiconductor industry and help companies like Micron bring manufacturing and jobs home to places like Manassas. I’m excited to see Micron continue to grow and expand here in Northern Virginia and contribute to the economic development in our local communities.” 

“I am pleased the MEI Commission could collaborate with our federal, state, and local partners to ensure Micron committed to expanding its semiconductor operations in the Commonwealth,” said Major Employment and Investment Project Approval Commission Chair Senator Louise Lucas. “Micron has long been one of Virginia’s premier semiconductor facilities. It is exciting to see them continue to grow, and we thank Micron for its long-term commitment to the Commonwealth.” 

“Micron’s continued expansion in Virginia represents an important investment in the Commonwealth’s economic future,” said Chairman Luke Torian. “The CHIPS Act funding, combined with Virginia’s strategic advantages and capable workforce, positions our state at the forefront of semiconductor manufacturing in America.” 

“Micron Technology’s expansion in Manassas is a testament to the strength of our economy and the region’s leadership in semiconductor manufacturing and the ability to bring quality jobs to our community,” said Delegate Michelle Maldonado. “This investment highlights the power of the sort of collaboration between Micron, the City of Manassas, and the Commonwealth that has made Virginia and this district a number one place to live, work, and raise a family.” 

“Micron’s expansion in Manassas boosts the city’s growing economy and reflects its strong partnership with the nation’s leading memory chip manufacturer,” said Interim Manassas City Manager Doug Keen. 

“Manassas has long been a hub for manufacturing, defense, professional and technical services, healthcare, and other high wage businesses,” said Manassas Mayor Michelle Davis-Younger. “This announcement underscores the impact of global leaders like Micron, BAE, and Lockheed Martin, as well as emerging companies like RapidFlight and Electra.aero, on the city’s thriving workforce and economic growth.” 

The Virginia Economic Development Partnership collaborated with the City of Manassas and the General Assembly’s Major Employment and Investment Project Approval Commission (MEI Commission) to secure the project. Micron may receive up to $70 million in MEI Commission-approved incentives, contingent upon General Assembly approval, based on its investment and job creation goals, added the statement. 

Additionally, it further added that workforce support for Micron’s expansion will be provided through the Virginia Talent Accelerator Program, ranked the nation’s top customized workforce training initiative by Business Facilities in 2024.

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