Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.
The Micron project comes after the White House has announced massive investments for Intel, TSMC and Samsung in recent weeks using funds from the 2022 CHIPS and Science Act.
Micron Technology is set to receive $6.1 billion in funding from the U.S. government to build three chip facilities, in the latest award from the White House aimed at boosting the production of semiconductors domestically.
The $6.1 billion for Micron, to shore up the domestic supply of semiconductors, comes after a key union endorsement and passage of an aid bill central to the president’s foreign policy agenda.
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Biden grants $6 billion to Micron to boost chip production | Since Then