Micron Technology, the largest U.S. maker of computer-memory chips, is set to receive $6.1 billion in grants from the U.S. Department of Commerce. The funding, part of the Chips Act, will support the construction of semiconductor manufacturing facilities in New York and Idaho. This federal investment is aimed at boosting domestic chip production and is expected to create 50,000 jobs. The announcement of the grant is expected next week, with President Biden scheduled to visit the Syracuse, New York region on April 25 as part of the announcement. Additionally, Micron will also receive loans similar to those granted to other major semiconductor firms like TSMC and Intel.
$MU Micron to receive $6.1b in grants to expand its chip factories in US https://t.co/mZYvQw1rLK
Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho https://t.co/p7jgOnl1vM
A multi-billion dollar federal investment to support Micron’s $100+ billion manufacturing project in Upstate NY! A landmark announcement. I'm proud to say with our CHIPS & Science act: We are rebuilding upstate NY with good-paying, middle class jobs—one microchip at a time! https://t.co/CfsfgRUgk7
Micron set to get $6.1 bln in chip grants from US https://t.co/lzmPOlC98y
Well, now it’s pretty much official — @SenSchumer confirms our @business scoop yesterday that Micron will receive a $6.1b Chips Act grant for their New York and Idaho projects https://t.co/VzDZsnxMP2 https://t.co/F6E4ktU8fG
Biden administration agrees to provide $6.1 billion for Micron Technology to produce advanced memory chips in New York and Idaho. https://t.co/5kRmCNmqdL
Thanks to the CHIPS and Science Act, Micron is receiving a $6.1 billion grant to build computer chip manufacturing plants, including a massive complex near Syracuse. The future of high-tech manufacturing is taking shape in Central New York! https://t.co/DFUUhWkxC3 https://t.co/sErrkdL6EC
Micron set to get $6.1 billion in chip grants from US https://t.co/gP5tEXFlxE
Memory chip maker Micron set to receive $6.1-billion in grants from U.S. https://t.co/iePOoECezF
Micron scores $6.1B CHIPS Act cash for New York and Idaho fabs https://t.co/80bqJqWlAn
$MU (+1.7% pre) Micron Poised to Get Over $6 Billion in Chips Grants in Announcement Next Week - BBG https://t.co/ZlWQHygafV
Big news: Micron is set to receive over $6 billion from our CHIPS & Science Law. This monumental and historic federal investment will power and propel Micron to bring its mega-fab project in Central NY to life, creating 50,000 good-paying jobs. https://t.co/Y5Fr1ZEeqU
Some Chips Act thoughts…🧵 600 firms want a slice of a $39b grant pool. With Micron’s $6.1b award next week, almost 85% of that money will be spoken for — vast majority going to four companies that’ll produce advanced chips Here’s what’s been announced (or legislated) so far: https://t.co/oxgn2VXoGM
Micron, $MU, to announce over $6 billion in grants from the U.S. Department of Commerce to help pay for domestic factory projects in New York & Idaho, per Bloomberg.
This is consistent with the stories I’m hearing. @Micron to receive over $6 Billion in Chips Act grants. Focus will be on advanced memory tech, of course. Remember AI and Memory are inextricably linked 🤝 Loans on top. No surprises here. $MU https://t.co/OfD9GmR8NB
Micron to get $6.1 billion from feds to build chip plants in New York and Idaho https://t.co/KsneQPXdXX
Scoop: Micron will be next to get giant check from federal govt as part of effort to make semiconductors in US. Biden scheduled to go to Syracuse region on April 25 as part of announcement. Micron grant will be $6.1 billion. Story by @mackhawk and me:… https://t.co/5jJj0MwGXV
Sources: Micron could get $6B+ in chip grants from the US Commerce Department for domestic factory projects; the award could be announced as soon as next week (@mackhawk / Bloomberg) https://t.co/fN8FTc396R 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/OvoNs5RNoB
Some more details, w @JenniferJJacobs Micron’s grant will be $6.1b, and the company will also receive loans (like TSMC and Intel) Biden set to travel to Syracuse, New York region on April 25 as part of the announcement https://t.co/F6E4ktTAq8
Micron set to get $6 bln in chip grants from US, Bloomberg reports https://t.co/X7KuMu0RUI https://t.co/w9RINpCMOJ
Micron $MU is set to receive over $6 Billion in chip grants from the 🇺🇸 to help pay for domestic factory projects - Bloomberg https://t.co/kuMHTBx3vR
Micron Technology will receive US$6.1 billion in grants from the US for semiconductor fabs and other facilities it is building in New York and Idaho, media report, noting the funding will be announced next week. It will also get loans. $MU $INTC $TSM #Samsung $GFS #semiconductors…
JUST IN: MICRON $MU, the largest American maker of computer-memory chips, is set to announce over $6 billion in grants from the U.S. Department of Commerce to help pay for domestic factory projects in New York & Idaho https://t.co/wjrHgUPZDh
Micron $MU will be getting over $6 billion in Chips Act grants next week...
Micron, the largest US maker of computer-memory chips, is poised to get more than $6 billion in grants from the Commerce Department to help pay for domestic factory projects https://t.co/8fcVtEXitQ
"Micron Poised to Get Over $6 Billion in Chips Grants in Announcement Next Week" https://t.co/R049JoG9lA https://t.co/8c56ATdPBE
⚠️ MICRON SET TO GET $6 BILLION IN CHIP GRANTS FROM US, BLOOMBERG REPORTS Full Story → https://t.co/k9KlcZZrDQ https://t.co/hYeQivJdjG
SCOOP: Micron, the largest US maker of computer-memory chips, is poised to get more than $6 billion in Chips Act grants Firm plans to build factories in Idaho and New York Award could be announced as soon as next week https://t.co/H9JI066hsm
*MICRON POISED TO GET OVER $6B IN CHIPS ACT GRANTS NEXT WEEK