WASHINGTON (AP) — 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. Join our WhatsApp group Subscribe to our Daily Roundup Email Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately
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.
Schumer says US will provide $6.1 billion to Micron Technology for chip plants in NY, Idaho
WASHINGTON (AP) — 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 […]
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
Polysilicon manufacturer Highland Materials has secured US$255.6 million in 48C tax credits to build a polysilicon plant in the US.
US-made chips will be more expensive than those made in Taiwan, and customers will have to pay extra for them.
TSMC's CEO recently stated that microchips produced outside of Taiwan, including those in the US, will incur higher manufacturing costs. The Taiwanese foundry is currently expanding its production capacity globally, but this move will necessitate a revised pricing strategy to align with shareholder interests.Read Entire Article
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 […]
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...
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.
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