Micron Breaks Ground on $15 Billion Chip Plant, Says More to Come Soon

The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, on July 14, 2015. Kai Pfaffenbach/Reuters

Micron Technology Inc., the biggest U.S. memory chip company, on Monday broke ground for a $15 billion factory in Boise, Idaho, and its chief executive told Reuters an announcement of another new U.S. plant will be coming soon.

“We are in final stages of another high volume manufacturing site that is going to be announced in the coming weeks,” CEO Sanjay Mehrotra said.