Micron Secures $6.1 Billion in CHIPS Act Funding for Semiconductor Expansion

The investment will bolster U.S. semiconductor manufacturing, creating thousands of jobs and enhancing national security.

Micron Technology receives $6.1 billion in CHIPS and Science Act funding for semiconductor factories in Idaho and New York.
The federal grants aim to catalyze Micron's $125 billion investment plan, potentially the largest private investment in the states' histories.
The projects are expected to generate approximately 75,000 jobs, bolstering U.S. economic and national security.
Additional incentives include a 25% investment tax credit from the U.S. Treasury and significant state incentives from New York and Idaho.
The initiative aligns with President Biden's agenda to revitalize U.S. manufacturing and secure a competitive edge in global technology.