The US Commerce Department has awarded Micron Technology up to $6.165 billion from the CHIPS Act for semiconductor manufacturing projects, expected to create around 20,000 jobs.
Micron is committed to investing approximately $50 billion before the end of the decade as part of their expansion plans supported by the recent funding announcement.
This grant is comparable to the significant CHIPS Act subsidies given to companies like Intel, TSMC, and Samsung, showcasing the government's strong support for domestic semiconductor production.
A Preliminary Memorandum of Terms has been signed to potentially channel an additional $275 million into the expansion of Micron's Manassas facility, indicating further governmental backing.
Collection
[
|
...
]