Giant U.S. chipmaker eyes Triangle for $40 billion-plus plant

A U.S. semiconductor company is scouting a Chatham County site for what could be among the largest economic development projects in North Carolina history.

The project, if it comes to fruition, could have a capital investment of $40 billion or more with 5,000 to 10,000 jobs at full buildout. Multiple sources tell Triangle Business Journal the project is on an accelerated timeline as the country, and the world, rushes to fill the gap in the global chip shortage that's hampering the economic recovery and causing supply chain disruption.

Citing non-disclosure agreements with various parties including the company and site selection officials, sources would not confirm the name of the company but confirmed it is a U.S. chipmaker. Cities in Texas, Arizona and California are also vying for the project, sources added.

Last October, CEO Sanjay Mehrotra of Boise, Idaho-based Micron Technology (Nasdaq: MU), one of world's largest chipmakers, announced the company's intent to invest more than $150 billion globally over the next decade in memory manufacturing and research and development.

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