Micron Stock Is Soaring -- Breaks Ground on $100 Billion Semiconductor Facility
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Micron Technology's shares rose approximately 7% after the company commenced construction on a $100 billion semiconductor facility in Onondaga County, New York. This site is projected to be the largest semiconductor manufacturing location in the U.S., with production expected to start around 2030 and potentially creating 50,000 jobs. Micron will invest $250 million in community support initiatives. This project is part of a larger $200 billion U.S. expansion plan, which includes new facilities in Idaho and upgrades in Virginia.
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