by Gary Daughters
Micron Goes Macro in Idaho
Earlier than asserting its mammoth $100 billion plan for New York (see New York Highlight on this challenge), semiconductor firm Micron Expertise, Inc., introduced plans to take a position $15 billion within the first new reminiscence fab within the U.S. in 20 years in Boise, Idaho. The primary of 5 deliberate investments from the corporate will improve the U.S. provide of chips wanted for the automotive and knowledge middle markets. The strategic location of the power close to the corporate’s R&D middle and HQ will enhance operational effectivity, expertise deployment and time to market, the corporate mentioned. To assist its staff and the Idaho neighborhood the plant will open a child-care facility, broaden funding for Okay-12 STEM teaching programs, work with the School of Western Idaho on related curriculum and provide its personal apprenticeship program. Micron’s funding marks the biggest personal funding in state historical past and can create greater than 17,000 jobs by the tip of the last decade.
Rendering of the brand new Micron reminiscence fab coming to Boise, Idaho.
Supply: Micron Expertise, Inc.
Porsche Powers Ahead
Earlier than asserting its mammoth $100 billion plan for New York (see New York Highlight on this challenge), semiconductor firm Micron Expertise, Inc., introduced plans to take a position $15 billion within the first new reminiscence fab within the U.S. in 20 years in Boise, Idaho. The primary of 5 deliberate investments from the corporate will improve the U.S. provide of chips wanted for the automotive and knowledge middle markets. The strategic location of the power close to the corporate’s R&D middle and HQ will enhance operational effectivity, expertise deployment and time to market, the corporate mentioned. To assist its staff and the Idaho neighborhood the plant will open a child-care facility, broaden funding for Okay-12 STEM teaching programs, work with the School of Western Idaho on related curriculum and provide its personal apprenticeship program. Micron’s funding marks the biggest personal funding in state historical past and can create greater than 17,000 jobs by the tip of the last decade.
Supply: Porsche Vehicles North America
BBBRC Awardees
The U.S. Financial Growth Administration’s Construct Again Higher Regional Problem awarded 21 winners throughout the U.S. between $25 and $65 million.
Map courtesy of U.S. Financial Growth Administration
Michigan Finds the ONE, Honda/LG Married to Ohio
Michigan-based power storage expertise firm Our Subsequent Power (ONE), introduced in October it would make investments $1.6 billion to deliver ONE Circle, a battery cell manufacturing plant, to Van Buren Township, Michigan. The corporate regarded in 12 states and one Canadian province earlier than choosing Michigan as a result of state’s alignment on sustainability and lowering carbon emissions. The location is anticipated to be operational by the tip of 2027, creating 2,112 new jobs. “ONE is thrilled to pick out Michigan for our first cell manufacturing unit, as a result of state’s distinctive mixture of battery expertise, proximity to materials provide and entry to low-cost power,” mentioned Mujeeb Ijaz, founder and CEO of ONE.
Honda Motor Firm and LG Power Options will be a part of forces at a $4.4 billion EV battery manufacturing plant in Fayette County, Ohio, southwest of Columbus, to provide battery provides completely for Honda amenities in North America. “Honda is pleased with our historical past in Ohio, the place our U.S. manufacturing operations started greater than 4 a long time in the past. Now, as we broaden Honda’s partnership with Ohio, we’re investing in a workforce that may create the ability supply for our future Honda and Acura electrical automobiles,” mentioned Bob Nelson, govt vp of American Honda Motor Co., 45 years to the day after Honda first started manufacturing in Ohio.
Supply: Our Subsequent Power
Redeveloped in Superb Technicolor
Technicolor’s former HQ and Metro Footage studio lot has been chosen for a $600 million funding to redevelop the 183,000-sq.-ft. house into an city studio campus by BARDAS Funding Group and Bain Capital Actual Property. The businesses plan to broaden the campus to 620,000 sq. ft. rebranded as Echelon Tv Heart, that includes a studio lot, refurbished workplace areas, rooftop workplace bungalows and 4 soundstages. “Now we have robust conviction within the secular demand drivers underpinning the continued development of the media and leisure business and are delighted to broaden our portfolio with BARDAS,” mentioned Bain Capital Actual Property Managing Director Joe Marconi.
Rendering courtesy of BARDAS Funding Group
Large Wheels Carry on Rollin’ in Tennessee
After 32 years, Bridgestone is increasing its Tennessee footprint at its Warren County plant with a $550 million funding. Building for the corporate’s flagship truck and bus radial tire plant will start later this 12 months so as to add a further 850,000 sq. ft. to the prevailing facility. New expertise and AI capabilities can be applied into manufacturing to supply data-driven insights on digital readiness, sensors and management expertise to extend productiveness to fulfill rising demand. The plant will add 380 jobs, boosting Bridgestone’s U.S. workforce near 10,000.
Motorcyclists journey on Bridgestone BATTLAX SPORT TOURING T32 tires.
Supply: Bridgestone Americas, Inc.