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Micron to Receive $13B in US Aid for Chip Megafab in NY, Idaho

Apr 25, 2024, 09:05 AM

Micron Technology is set to receive significant financial support from the U.S. government, totaling up to $13 billion, to expand its chipmaking capacity. This includes grants of $6.1 billion and potential loans up to $7.5 billion. The funding, part of the CHIPS Act, aims to facilitate Micron's ambitious plan to invest up to $125 billion over the next 20 years in constructing three new chip-making facilities, known as a 'megafab', in New York and Idaho.

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Micron 25% production increase by 2026?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Yes • 50%

No • 50%

Micron's annual financial reports or industry analysis reports

Micron completes NY Megafab Phase 1 by 2025 end?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Yes • 50%

No • 50%

Micron's official press releases or verified news reports

Micron completes NY phase one by 2026?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Yes • 50%

No • 50%

Micron's official press releases and verified news reports

Micron secures extra federal funding by 2025?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Yes • 50%

No • 50%

U.S. government public announcements and Micron financial disclosures

Micron's market share up 5% by 2025?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

No • 50%

Yes • 50%

Industry reports and financial analysis from credible market research firms

Micron stock price doubles by 2025 end?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

No • 50%

Yes • 50%

Stock market data and financial reports

First Micron megafab to complete?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

New York • 50%

Idaho • 50%

Micron's official communications and verified news sources

First Micron megafab to start production

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

NY Fab 1 • 33%

Idaho Fab • 34%

NY Fab 2 • 33%

Micron's official press releases and verified news reports

Largest Micron megafab location by 2027

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Idaho • 50%

New York • 50%

Micron's official press releases and verified news reports

Micron's total megafab investment by 2025

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Less than $40 billion • 33%

More than $70 billion • 34%

$40 billion - $70 billion • 33%

Micron's financial disclosures and verified news sources

Number of operational Micron megafabs by 2026?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Two or more • 34%

One • 33%

None • 33%

Micron's official statements and verified industrial news

Primary Micron funding type by 2025?

Micron Technology•CHIPS Act•Micron•New York•Idaho

Resolution / Starting Odds

Grants • 50%

Loans • 50%

Micron's financial disclosures and U.S. government reporting