Global Semiconductor Leader Micron Technology Relocating North Texas Workforce to Richardson January 23, 2025 Report The City of Richardson has entered into a partnership agreement with Micron Technology, a global innovator in semiconductor memory and storage, to renovate and relocate its North Texas offices into the Richardson Innovation Quarter® (The IQ®). The relocation will bring approximately 250, high-paying jobs to the city. This move places Micron’s offices in The IQ®, a hub known for fostering innovation, collaboration, and growth, offering dynamic synergies in a supportive and forward-thinking environment. “Micron is a perfect fit for the Richardson Innovation Quarter and the dynamic environment it offers to help innovative companies thrive,” said Richardson City Manager Don Magner. “The IQ® is a hub where engineers, entrepreneurs, and educators come together to collaborate and learn from one another within a shared ecosystem of innovation. It’s been incredible to witness this community grow, and I know all the current businesses in The IQ® will be thrilled to welcome Micron as a new neighbor.” Micron operates in more than 30 major cities worldwide, with a global team of 50,000 employees. The company has committed to occupying more than 60,000 square feet of office space at Collins Crossing, located at 1500 N. Greenville Avenue. Additionally, Micron plans to invest approximately $30 million in the first two years to fund tenant improvements, and the addition of furniture, fixtures, and equipment. "As the only U.S.-based manufacturer of memory semiconductors, Micron is excited to continue to grow our R&D capability in Texas, with a focus on enabling future industry leading memory products,” said Scott DeBoer, Executive Vice President and Chief Technology and Products Officer at Micron. “By establishing our product development teams in the Richardson Innovation Quarter, we look forward to tapping into its strong ecosystem of innovation and actively participating in the Richardson community." The City of Richardson’s Economic Development Department invites businesses considering expansion or relocation to apply for a range of incentives available to entities that demonstrate a commitment to significant capital investments, notable job retention or creation, or long-term lease agreements. Grant opportunities are available for: Building modernization, Tenant improvement, Permit fee waivers, and Job creation. Each application is evaluated to ensure alignment with Richardson’s goals of fostering economic growth and enhancing the community's competitiveness. For more information, visit www.RichardsonEconomicDevelopment.com. About the Richardson Innovation Quarter, or The IQ® The Richardson Innovation Quarter, known simply as the Richardson IQ or The IQ®, is a 1,200-acre, amenity-rich, urban tech hub in the heart of the booming DFW Metroplex. Its legacy of serving as a home to technology-focused industries and entrepreneurship stretches back to the early days of the Space Race in the 1950s. Today, The IQ® continues to evolve and boasts innovators across a wide range of industries, including advanced additive manufacturing, biotechnology, finance, software development, and R&D, as well as hosting incubators for entrepreneurial start-ups. With more than 1,100 businesses and 20,000 workers, The IQ® spurs the creativity and collaboration that drive innovation and growth, like that between the City and The University of Texas at Dallas, which jointly share The IQ® Headquarters. The IQ® acts as a living laboratory for big ideas and groundbreaking technology. www.RichardsonIQ.com Back To News and Press Releases