Feds finalize $6.16 billion in CHIPS funding for Micron

Science and Technology
Source : (remove) : Times Union
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Wed, December 11, 2024

[ Wed, Dec 11th 2024 ]: Times Union

Feds finalize $6.16 billion in CHIPS funding for Micron

//science-technology.news-articles.net/content/2 .. ze-6-16-billion-in-chips-funding-for-micron.html

Published in Science and Technology on Wednesday, December 11th 2024 at 1:22 GMT by Times Union
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The Idaho memory chipmaker is building $100 billion manufacturing campus outside of Syracuse that will tap into Albany NanoTech for R&D

The article from the Times Union discusses Micron Technology's significant $6.16 billion deal with the U.S. federal government, aimed at boosting domestic semiconductor production. This agreement, part of the CHIPS and Science Act, will fund the construction of a new semiconductor fabrication plant in Clay, New York, expected to create 9,000 jobs. The investment is intended to enhance U.S. competitiveness in the global semiconductor market, reduce reliance on foreign manufacturing, and secure supply chains for critical technologies. The facility will focus on producing memory chips, vital for various industries including computing, automotive, and telecommunications. This move not only supports economic growth in the region but also aligns with national security interests by fostering technological self-reliance.

Read the Full Times Union Article at:
[ https://www.timesunion.com/business/article/micron-inks-6-16-billion-chips-deal-feds-19970821.php ]