Biden admin gives $6.1B to Micron Technology to help boost chip factories in New York
by New York Post
New York Post— The Biden administration reached an agreement to dole out a staggering $6.1 billion in government support for semiconductor manufacturer Micron Technology to produce advanced computer memory chips in New York and Idaho. Senate Majority Leader Chuck Schumer (D-NY) personally pursued US-based Micron to build what will ultimately be a set of four chip factories near
NPR—Biden is giving $6 billion to Micron for a semiconductor project in upstate New York. The Micron project comes after the White House has announced massive investments for Intel, TSMC and Samsung in recent weeks using funds from the 2022 CHIPS and Science Act.
GSMArena—Micron is getting $6.1B funding to expand its DRAM fabs in New York. Micron Technology is the latest recipient of direct funding from the US Department of Commerce under the CHIPS and Science Act. The US-based computer memory and data manufacturer is set to receive a $6.14 billion federal grant to support the expansion of its Dynamic random-access memory (DRAM) fabs in Syracuse, New York. TSMC and Samsung received similar subsidies earlier this month. Micron’s roadmap plans include investing upwards of $100 billion in the state of New York and creating over...
Tech Times—President Biden Hails Economic Revival with Micron Technology Investment in Upstate New York. Biden's visit aimed to celebrate Micron Technology's ambitious plans to establish a campus of cutting-edge computer chip factories in the region.