Loading...
Market
Story
Micron to Receive $6.1 Billion in U.S. Grants for Chip Plants in NY, Idaho
Apr 18, 2024, 12:31 AM
Micron Technology, the largest U.S. maker of computer-memory chips, is set to receive $6.1 billion in grants from the U.S. Department of Commerce. These funds, part of the Chips Act, will support the construction of semiconductor fabrication plants in New York and Idaho. The announcement of this substantial federal support is expected next week, coinciding with President Biden's planned visit to the Syracuse, New York region on April 25. In addition to the grants, Micron will also receive loans, similar to other semiconductor giants like TSMC and Intel.
View original story
Similar markets
Consumer Electronics • 25%
Automotive • 25%
Data Centers • 25%
Telecommunications • 25%
Increase by less than 5% • 25%
Increase by 5% to 10% • 25%
Increase by 10% to 15% • 25%
Increase by more than 15% • 25%
Increase of less than 1% • 25%
Increase of 1% to 3% • 25%
Increase of 3% to 5% • 25%
Increase of more than 5% • 25%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No change or decrease • 25%
Less than $40 billion • 33%
$40 billion - $70 billion • 33%
More than $70 billion • 34%
Below $10 billion • 33%
Between $10 billion and $15 billion • 34%
Above $15 billion • 33%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No significant change • 25%