US will provide $6.1 billion to Micron Technology for chip plants in NY and Idaho, Schumer says

US will provide $6.1 billion to Micron Technology for chip plants in Idaho, New York

WASHINGTON — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho.

Micron set to receive grants totaling over $6 billion for US chip production

Sources familiar with the matter told Bloomberg that the deal is not yet finalized but could be wrapped up and announced as soon as next week. Based on the language used in the article, it does not sound as if the money is coming from the Chips and Science Act...Read Entire Article

Micron wins $6.1 billion CHIPS grant for CNY, Idaho projects (Good Morning CNY)

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Micron poised to get $8.3 billion in US chip grants

The grants come under the 2022 Chips Act to revitalise US chipmaking after decades of production shifting to Asia. Read more at straitstimes.com.

Micron set to get $6 billion in chip grants from US, Bloomberg reports

(Reuters) -Memory chip maker Micron Technology is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday. The award, which is not yet finalized, could be announced as soon as next week, the report said, citing people familiar with the matter. It is not clear whether the company also plans to accept loans available through the 2022 CHIPS and …

Schumer says US will provide $6.1 billion to Micron Technology for chip plants in NY, Idaho

The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho.Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four chip factories near Syracuse in the town of Clay. He noted in a Wednesday interview that the announcement was a sign to voters about how Democrats …