Official announcements from Micron or government funding reports

Micron Secures $6.165B for Semiconductor Expansion in NY, ID, VA, Creating 50,000 Jobs

Dec 10, 2024, 06:32 PM

Micron Technology Inc. is set to receive $6.165 billion in federal funding under the CHIPS and Science Act to expand its semiconductor manufacturing operations in New York, Idaho, and Virginia. The funding aims to bolster domestic production of memory chips, critical for national security and advanced technologies. The investment is expected to create over 50,000 jobs in New York alone, with additional job creation anticipated in Idaho and Virginia. The funding for Virginia includes up to $275 million for expanding and modernizing microchip production in Prince William County. The announcement comes after President Joe Biden visited Syracuse in April to announce the preliminary terms of the deal. Senate Majority Leader Chuck Schumer has emphasized the long-term benefits of this investment, describing it as a multi-generational commitment to job creation and technological advancement, while also ensuring that the funding is secure from political manipulation.