Intel-Micron JV to expand Utah fab
6/20/2011 8:07 PM EDT
SAN FRANCISCO—IM Flash Technologies LLC—the NAND flash memory joint venture between Intel Corp. and Micron Technology Inc.—is expanding its operations in Lehi, Utah, and adding 200 jobs, according to a statement issued Monday (June 20) by Utah's Governor and the state's economic development office.
IM Flash plans to add the 200 new employees starting in 2012 while maintaining its current staff levels of more than 1,400 employees, according to the statement. During the last five years, the company has paid out more than $532 million in wages and expects to pay an additional $1.4 billion in new state wages the next 10 years, according to the statement.
Utah expects the fab expansion to generate more than $153 million in new tax revenue over 10 years, according ot the statement. Last year, electronics accounted for nearly $2 billion—mostly from IM Flash—of Utah's $13.6 billion in exports.
Also Monday, Utah Governor Gary R. Herbert announced that IT solutions provider EMC Corp. will open new customer support center in Utah, adding 500 new jobs in the state by the end of 2015.