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Micron expected to get $275 million in federal funds to upgrade chip manufacturing plant in Manassas, Va.

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Micron, a semiconductor chip manufacturer, is expected to receive up to $275 million in federal funding to upgrade and expand its plant in Manassas, Virginia.
The article from WTOP discusses Micron Technology's expected receipt of $275 million in federal funds to upgrade its chip manufacturing plant in Manassas, Virginia. This funding is part of the CHIPS and Science Act, aimed at boosting domestic semiconductor production. The investment will help Micron expand its capabilities in producing memory chips, crucial for various technologies including AI, smartphones, and data centers. The upgrades are anticipated to create jobs, enhance national security by reducing reliance on foreign semiconductor supply, and stimulate economic growth in the region. The announcement of this funding is expected to be made by Virginia Governor Glenn Youngkin and U.S. Commerce Secretary Gina Raimondo.

Read the Full WTOP News Article at:
[ https://wtop.com/business-finance/2024/12/micron-expected-to-get-275-million-in-federal-funds-to-upgrade-chip-manufacturing-plant-in-manassas-va/ ]