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Micron Clinches Total of up to $13.6 Billion in US Grants, Loans [BNN Bloomberg (Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Micron has pledged to invest about $125 billion to build four factories in New York state and one in Idaho. The company — the largest US maker of memory chips — has separately applied for federal funding to support a project in Virginia, according to documents filed last week. President Joe Biden is traveling to Syracuse, New York, as part of the event and plans to discuss how his agenda is shoring up the economy. It will still be months before Micron actually receives any of the funding from the 2022 Chips and Science Act, which set aside $39 billion for grants and $75 billion worth of loans to boost American chipmaking and reduce reliance on Asia. Preliminary agreements like the one Micron announced Thursday trigger a due-diligence stage, after which the money will be handed out over time in tranches tied to construction and production benchmarks. Earlier:
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