US secures chip bill funding of over $6.1 billion with Micron
The U.S. Department of Commerce announced memory chip manufacturer Micron Technology (NASDAQ: MUThe largest contract so far has been signed with).
The company, which is headquartered in Boise, Idaho, signed an interim memorandum of understanding with the State Department in April to receive direct funding of up to approximately 6.1 billion 40 million dollars based on CHIPS and the Science ActIt's announcingthat's it.
The White House said in a statement Tuesday that investments of over $6.1 billion in Clay, New York, and Boise, Idaho will build several cutting-edge memory chip facilities as part of Micron's total investment of 125 billion dollars over the next few decadesThings to supportI said that.
Additionally, the Department of Commerce will expand its facilities in Manassas, Virginia, and introduce critical technology domestically that the nation's defense industry, automotive sector, and national security community depend on, Micron (MU) and agreed on preliminary terms to make an additional investment of 0.2 billion75 million dollars.
The CHIPS Act provides for $39 billion in grants, an additional billion dollars in loans, and 25% tax credits to promote domestic semiconductor manufacturing and reduce dependence on Asia.
The Department of Commerce has announced preliminary agreements with more than 20 companies,Taiwan Semiconductor Manufacturing(TSM),Intel(INTC),Global FoundryZ (GFS),Entegris(ENTGAgreements with several companies, such as), were finalized. The Biden administration is in a hurry to finalize the deal before President-elect Donald Trump returns to the White House.
The company, which is headquartered in Boise, Idaho, signed an interim memorandum of understanding with the State Department in April to receive direct funding of up to approximately 6.1 billion 40 million dollars based on CHIPS and the Science ActIt's announcingthat's it.
The White House said in a statement Tuesday that investments of over $6.1 billion in Clay, New York, and Boise, Idaho will build several cutting-edge memory chip facilities as part of Micron's total investment of 125 billion dollars over the next few decadesThings to supportI said that.
Additionally, the Department of Commerce will expand its facilities in Manassas, Virginia, and introduce critical technology domestically that the nation's defense industry, automotive sector, and national security community depend on, Micron (MU) and agreed on preliminary terms to make an additional investment of 0.2 billion75 million dollars.
The CHIPS Act provides for $39 billion in grants, an additional billion dollars in loans, and 25% tax credits to promote domestic semiconductor manufacturing and reduce dependence on Asia.
The Department of Commerce has announced preliminary agreements with more than 20 companies,Taiwan Semiconductor Manufacturing(TSM),Intel(INTC),Global FoundryZ (GFS),Entegris(ENTGAgreements with several companies, such as), were finalized. The Biden administration is in a hurry to finalize the deal before President-elect Donald Trump returns to the White House.
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