New Delhi, Aug. 21 -- Micron Technology CEO Sanjay Mehrotra has announced a USD 10 billion investment in Micron Research Labs -- a new research institution. The initiative adds to more than USD 250 billion in investments in American manufacturing, which are expected to create over 90,000 jobs.

The chipmaker on Thursday unveiled Micron Research Labs -- a US-based research hub headquartered in Boise. Taking to X, Mehrotra said the research labs "will bring together our customers, suppliers, academia, government and the broader semiconductor ecosystem to pursue breakthroughs beyond today's technology roadmaps and define what is possible in the years ahead."

He further added, the initiative adds to more than USD 250 billion in investments i...