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Micron Poised to Get Over $6 Billion in Chips Grants in Announcement Next Week [Yahoo! Finance]
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Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Bankers Hit With Millions in Breakup Fees for Ditching New Jobs China Tells Iran Cooperation Will Last After Attack on Israel The award, which isn't yet finalized, could be announced as soon as next week, according to people familiar with the matter. It's not clear whether the company also plans to accept loans available through the 2022 Chips and Science Act in addition to the direct grant funding. Micron, based in Boise, Idaho, is building factories in New York and its home state. After the preliminary agreement is announced, the firm would enter months of due diligence and then receive the money in tranches tied to pro
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