Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
This funding will support Micron's planned leading-edge memory manufacturing in Idaho and New York. The CHIPS and Science Act will allocate $6.1 billion in grants to aid Micron's commitment to investing about $50 billion in gross capital expenditures for domestic leading-edge memory manufacturing through 2030. These grants and additional state and local incentives will facilitate the construction of one leading-edge memory manufacturing facility next to Micron's existing leading-edge R&D facility in Boise, Idaho, and two leading-edge memory facilities in Clay, New York. Today's announcement marks the first phase of Micron's strategy to establish a leading-edge R&D and manufacturing center in Boise, Idaho, and a four-fab manufacturing complex in Clay, New York, over the next twenty-plus years. This strategy involves a potential investment of up to $125 billion and aims to grow Micron's memory bit supply to match long-term industry demand growth. Micron's planned advanced sem
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MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- MU's page on the SEC website