Science and Technology Science and Technology
Tue, December 10, 2024
[ Tue, Dec 10th 2024 ] - Slate
Giant Cars Are Going Global
[ Tue, Dec 10th 2024 ] - MSN
Why Is Israel Bombing Syria?
[ Tue, Dec 10th 2024 ] - MSN
The six health benefits of magnesium
[ Tue, Dec 10th 2024 ] - MSN
Johnson pours cold water on KOSA push
[ Tue, Dec 10th 2024 ] - Mercury News
California News
[ Tue, Dec 10th 2024 ] - MoneyWeek
The top stocks in the FTSE 100
[ Tue, Dec 10th 2024 ] - MSN
The Best Car Anti-theft Devices of 2024
[ Tue, Dec 10th 2024 ] - unite
Victor Dey, Technology Analyst

Micron Gets $6.2 Billion Chips Award


Published on 2024-12-10 11:42:19 - Transport Topics
  Print publication without navigation

  • The Biden administration has reached a final agreement to give Micron Corp. nearly $6.2 billion in subsidies from a program designed to boost American semiconductor manufacturing.

The article from Transport Topics discusses Micron Technology's significant investment in U.S. semiconductor manufacturing, spurred by the CHIPS and Science Act. Micron has been awarded up to $6.14 billion in grants and $7.5 billion in loans from the U.S. Department of Commerce to expand its domestic production capabilities. This funding aims to bolster national security, economic resilience, and technological leadership by reducing reliance on foreign semiconductor supply chains. The investment will support the construction of new fabrication plants in Idaho and New York, expected to create thousands of jobs and enhance the U.S. position in the global semiconductor market. The initiative reflects a broader push towards onshoring critical technology manufacturing, highlighting the strategic importance of semiconductors in various industries including automotive, where chips are vital for vehicle electronics and autonomous driving technologies.

Read the Full Transport Topics Article at:
[ https://www.ttnews.com/articles/micron-chips-award ]