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U.S. Finalizes More Than $6 Billion Micron Subsidy For Semiconductor Facilities

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The U.S. Department of Commerce has finalized a nearly $6 billion subsidy for Micron Technology to support domestic semiconductor facility construction in New York and Idaho. This funding is among the largest under the CHIPS and Science Act and is expected to create over 20,
The U.S. government has finalized a deal to provide Micron Technology with over $6 billion in subsidies to support the construction of new semiconductor manufacturing facilities in New York and Idaho. This initiative is part of the broader CHIPS and Science Act, aimed at boosting domestic semiconductor production, reducing reliance on foreign manufacturing, and enhancing national security. The subsidies will help Micron build facilities that are expected to create thousands of jobs and significantly increase the U.S. capacity for memory chip production, which is crucial for various technologies including AI, data centers, and consumer electronics. The agreement underscores the government's commitment to revitalizing the American semiconductor industry, fostering innovation, and ensuring a stable supply chain for critical technology components.

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[ https://www.msn.com/en-us/money/other/u-s-finalizes-more-than-6-billion-micron-subsidy-for-semiconductor-facilities/vi-AA1vCPHm ]