Micron Will Receive $6.1 Billion to Build Semiconductor Plants

Micron Will Receive $6.1 Billion to Build Semiconductor Plants

The New York Times-Tech·2024-04-19 06:02

The Biden administration will give Micron up to $6.1 billion in grants to help build its semiconductor plants in New York and Idaho, the latest multibillion dollar award aimed at ramping up the nation’s production of vital semiconductors.

Senator Chuck Schumer, Democrat of New York and the majority leader, announced the grant on Thursday and said the “monumental” investment would help the company construct two new chip manufacturing plants in New York by the end of the decade, along with another plant under construction in Idaho.

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