Biden bets big on Idaho chips—of the semiconductor variety [Fortune]
Texas Instruments Incorporated (TXN)
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Source: Fortune
The White House announced on Thursday a $6.1 billion grant to Micron, a Boise-based semiconductor company, the most recent in a flurry of payouts it's made to leading chip makers through the Chips Act. Two of the Chips Act's biggest grants so far—to Korean tech company Samsung and Taiwanese manufacturer TSMC —have been incentives to get foreign companies to set up shop on U.S. soil. But backing Micron is an example of how the government is betting on domestic companies, many of which have been around since the dawn of industrial semiconductor development, to lead the charge in manufacturing. Chips Act grants have been a key catalyst for massive private investment in semiconductors: Micron has already attracted $125 billion in private funds for the two factories, in Idaho and upstate New York, that it plans to build. “This is a historic moment for semiconductor manufacturing in the U.S.,” Micron President and CEO Sanjay Mehrotra said in a press release . “Micron's leading-edge me
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