Micron Clinches Up to $13.6 Billion in US Grants, Loans
- Award is part of Chips Act bid to revitalize US manufacturing
- Memory-chip maker investing $125 billion in Idaho, New York
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The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip 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.