Biden admin gives $6.1B to Micron Technology to help boost chip factories in New York
Micron Technology(MU) New York Post·2024-04-18 13:44
Joe Biden’s administration reached an agreement to dole out a staggering $6.1 billion in government support for semiconductor manufacturer Micron Technology to produce advanced computer memory chips in New York and Idaho.Senate Majority Leader Chuck Schumer (D-NY) personally pursued US-based Micron to build what will ultimately be a set of four chip factories near Syracuse in the town of Clay, according to Fortune.”It will be the biggest memory chip plant in America,” Schumer said, per Fortune. “For the Syr ...