Micron considering new U.S. memory chip factory as it gears up spending

By Stephen Nellis
FILE PHOTO Micron Technologys solid-state drive for data center customers is presented at a product launch event in San Francisco U.S. October 24 2019. REUTERSStephen Nellis

FILE PHOTO: Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis

(Reuters) - Micron Technology Inc said on Wednesday it is considering building a new memory factory in the United States but that state and federal subsidies will be needed to offset costs that are higher than its factories in Asia.

The Boise, Idaho-based company is the only American firm that makes both key types of memory chips, competing against South Korea's Samsung Electronics Co Ltd and SK Hynix and Japan's Kioxia, Toshiba's former memory chip unit.

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