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
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 […]
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
By JOSH BOAK Associated Press 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
By JOSH BOAK Associated Press 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
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 […]
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.
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.