Biden administration set to provide $6.1 billion to Micron Technology for chip plants in NY, Idaho [Financial Post (Toronto, Ontario, Canada)]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Financial Post
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 in Syracuse — and noted in a Wednesday interview that the announcement was a sign to voters about how Democrats were reviving the manufacturing sector. Article content Article content “It will be the biggest memory chip plant in America,” said Schumer. “For the Syracuse area, this is the best thing that's happened probably since the Erie Canal.” The comparison to the 1825 infrastructure project that connected the Great Lakes to the Atlantic Ocean gets at the magnitude of the economic impact as well as the national security stakes. Including the government support, Micron plans to invest $100 billion in upstate New York over the next two decad
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MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/30/24 - Form 144
- 4/25/24 - Form 4
- 4/23/24 - Form 4
- MU's page on the SEC website