Aug 29, 2018

Micron spending $3 billion to expand Virginia chip plant

Micron's Manassas, Va. chipmaking plant. Photo: Micron Technology

Memory chip maker Micron Technology announced plans Wednesday to invest $3 billion to significantly expand a Manassas, Va.-based semiconductor plant.

Why it matters: Chipmaking is a key area of high-tech manufacturing still done in the U.S. and Micron said this move alone will create more than 1,000 jobs over the next decade.

Micron said the initial expansion will be completed in the fall of 2019, with production beginning in the first half of 2020.

The chipmaker also plans to set up an R&D center in Manassas, which is 40 miles west of Washington, D.C., primarily focused on memory and storage for the automotive and industrial markets. That center is expected to employ roughly 100 engineers. Micron's foundation is also investing $1 million in Virginia's universities.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 8 a.m. ET: 1,131,713 — Total deaths: 59,884 — Total recoveries: 233,591Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 278,458 — Total deaths: 7,159 — Total recoveries: 9,897Map.
  3. Public health latest: The CDC is recommending Americans wear face coverings in public to help stop the spread of the coronavirus. The federal government will cover the costs of COVID-19 treatment for the uninsured, Health and Human Services Secretary Alex Azar said.
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  5. Business updates: America's small business bailout is off to a bad start. The DOT is urging airlines to refund passengers due to canceled or rescheduled flights, but won't take action against airlines that provide vouchers or credits.
  6. Oil latest: The amount of gas American drivers are consuming dropped to levels not seen in more than 25 years, government data shows. Trump is calling on the Energy Department to find more places to store oil.
  7. Tech updates: Twitter will allow ads containing references to the coronavirus under certain use cases.
  8. U.S.S. Theodore Roosevelt: Senators call for independent investigation into firing of Navy captain.
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The renaissance of the American family

Illustration: Eniola Odetunde/Axios

It used to be scarce and hard-earned, but suddenly family time is abundant in the era of shelter-in-place.

Why it matters: For the first time since the early 19th century, many parents and kids — and even grandchildren — are all under the same roof round-the-clock. And if past periods of emergency are any guide, this enforced togetherness could deepen our relationships for years to come.

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Biden says he's starting VP search this month

Joe Biden. Photo: Scott Olson / Staff

Joe Biden said he's spoken to Sen. Bernie Sanders and former President Barack Obama about selecting a running mate — and that he wants to build "a bench of younger, really qualified people" who can lead the nation over the course of the next four presidential cycles.

Driving the news: Biden spoke about the state of the 2020 race during a virtual fundraiser on Friday night that was opened to pooled coverage.