Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants [The New York Times]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: The New York Times
President Biden, building on a week of favorable political developments, celebrated a $6.1 billion grant to Micron Technology on Thursday, saying it would help the United States become less reliant on Asian countries by bolstering the nation’s supply of semiconductors.“New factories are going up all across the country,” Mr. Biden said at the Milton J. Rubenstein Museum of Science and Technology in Syracuse, N.Y. “Communities like Syracuse are writing the great American comeback story.”The grant for Micron, the latest multibillion-dollar award that federal officials have made to chip manufacturers in the past few weeks, will help the company construct two leading-edge chip plants in New York and another facility in Idaho, Biden administration officials said. The federal government will also provide up to $.5 billion in loans to Micron.Ramping up domestic chip production is a major goal for Mr. Biden, whose economic policy agenda largely focuses on strengthening American manufacturing a
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MU
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MU
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- 5/3/24 - Form 4
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- 5/2/24 - Form 4
- MU's page on the SEC website