Semiconductors form the backbone of modern electronics, powering everything from smartphones and computers to advanced medical devices and innovative military technology. The United States has long been a leader in semiconductor manufacturing, but in recent years, the industry has faced increasing competition from overseas manufacturers. Recognizing the strategic importance of maintaining a strong domestic semiconductor […]
Micron Technology Inc., the largest US maker of computer-memory chips, is poised to get $6.1 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil.
Samsung on Tap to Receive Up to $6.4B in CHIPS Funding The U.S. Department of Commerce has signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding to Samsung under the CHIPS and Science Act. The proposed investment would support the creation of more than Telecompetitor
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 ActRead Entire Article
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. New York Governor Kathy Hochul said in a statement that the largest private investment in American history is on its way to Central New York. New federal funding...
Last week President Biden visited Syracuse, NY, to do something government officials typically do: tout a massive investment in the local economy. But this was not just any investment – it was $6.1 billion provided by the CHIPS and Science Act to Micron Technology, which plans to spend $100 billionRead Entire Article
By LOLITA C. BALDOR (Associated Press) WASHINGTON (AP) — The U.S. is expected to announce Friday that it will provide about $6 billion in long-term military aid to Ukraine, U.S. officials said, adding that it will include much sought after munitions for Patriot air defense systems. The officials said the aid package will be funded […]
WASHINGTON (AP) — The U.S. is expected to announce Friday that it will provide about $6 billion in long-term military aid to Ukraine, U.S. officials said, adding that it will include much sought after munitions for Patriot air defense systems. The officials said the aid package will be funded through the Ukraine Security Assistance Initiative, […]
US expected to provide $6 billion to fund long-term weapons contracts for Ukraine, officials say
By LOLITA C. BALDOR Associated Press WASHINGTON (AP) — U.S. officials say the Pentagon is expected to announce that it will provide about $6 billion in long-term military aid to Ukraine. It will include much sought after munitions for Patriot air defense systems and other weapons. The officials say the aid package will be funded
U.S. officials say the Pentagon is expected to announce that it will provide about $6 billion in long-term military aid to Ukraine
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