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Retrofitting of Micron plant for sale will cost a pretty penny
Having announced its intention to sell an enterprise in Utah for the production of 3D XPoint memory, Micron Technology itself announced that there was no point in repurposing it for its own needs. Buyers of this plant will also be forced to fork out for its refurbishment, and government subsidies would come in handy here.
Image source: Reuters
President Joseph Biden is expected to approve $ 37 billion to develop and support the manufacturing and development of semiconductor components in the United States. Buyers of Micron’s Utah facility could qualify for some of the funds, experts say J.P. Morgan from The Wall Street Journal. Potential buyers include Analog Devices, NXP Semiconductors, STMicroelectronics and Infineon.
UBS adds that the change of ownership will not help Micron to quickly connect to solving the problem of semiconductor component shortages. Obviously, it will no longer be possible to produce 3D XPoint memory at this enterprise, and it will not be possible to use the existing equipment for other purposes either. The re-equipment of the enterprise will take not only time, but also decent amounts of money. Equipment replacement alone will require at least $ 3 billion. This example shows that maintaining «technological sovereignty» remains expensive.