Science and Technology
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Science and Technology
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Tue, December 10, 2024
[ Tue, Dec 10th 2024 ]: Transport Topics
Micron Gets $6.2 Billion Chips Award

Micron Gets $6.2 Billion Chips Award

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  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 ]