Chief Executive Sanjay Mehrotra told Reuters in an interview the expansion aims to meet increasing demand for chips in automobiles, which are gaining more computer power for features such as collision avoidance systems or lane departure warning systems. The money will be spent to build about 100,000 square feet of additional “clean room” space for making memory chips at Micron’s existing Manassas, Virginia factory, which employs about 1,500 people. Boise, Idaho-based Micron, the world’s fourth largest semiconductor firm by revenue according to research firm Gartner, differs from much of the chip industry in that it still makes its …read more
Source:: Yahoo Finance
