Micron, federal government finalize agreement for $6.1 billion in CHIPS funds

Science and Technology Science and Technology

Tue, December 10, 2024

[ Tue, Dec 10th 2024 ] - Wall Street Journal

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[ Tue, Dec 10th 2024 ] - KPBS

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[ Tue, Dec 10th 2024 ] - Fox News

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[ Tue, Dec 10th 2024 ] - Business Insider

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Micron, federal government finalize agreement for $6.1 billion in CHIPS funds

^{Published on 2024-12-10 13:22:27 - Rome Sentinel}

The U.S. Department of Commerce and Micron have finalized the deal for $6.1 billion in CHIPS and Science Act incentives, which will help with the construction of its semiconductor fab in Clay.

The article from the Rome Sentinel discusses the significant investment in Micron Technology's new semiconductor manufacturing facility in Clay, New York. The U.S. Department of Commerce has announced a preliminary agreement to provide up to $6.14 billion in direct funding under the CHIPS and Science Act to support Micron's project, which aims to establish a leading-edge memory manufacturing ecosystem in the U.S. This investment is part of a broader initiative to enhance domestic semiconductor production, reduce reliance on foreign manufacturing, and bolster national security. The funding will help Micron build two new fabrication plants (fabs) in Clay, with plans for four fabs in total, potentially creating 50,000 jobs over the next two decades. The project is also expected to receive additional support through loans and tax incentives, aiming to make Central New York a hub for high-tech manufacturing.

Read the Full Rome Sentinel Article at:
[ https://www.romesentinel.com/news/micron-chips-funding-clay-new-york/article_b67e0100-b717-11ef-8e4c-038eeadf522d.html ]

N@N

Micron, federal government finalize agreement for $6.1 billion in CHIPS funds