Micron plans to boost investment to more than $150 billion over the coming decade and is urging Congress to pass legislation that would aid domestic plant expansion
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The company has spelled out plans for up to $12 billion in capital expenditure in the current fiscal year, above its historical average, and targets around $3 billion in research-and-development outlays. Mr. Mehrotra also said he is seeing signs that the worst chip-supply bottlenecks are starting to ease. “The supply crunch that the industry has been experiencing is already improving some and will continue to improve,” he said, though some shortages might last into 2023.How is the chip shortage reverberating throughout the economy? Join the conversation below.
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