The U.S. government has announced a substantial financial commitment to Micron Technology, involving up to $6.1 billion in grants and potentially $7.5 billion in loans under the CHIPS Act. This funding aims to support Micron's ambitious plan to invest approximately $125 billion in constructing a 'megafab' and three other semiconductor manufacturing facilities in New York and Idaho over the next 20 years. President Joe Biden is scheduled to formally unveil this preliminary agreement during a visit to Syracuse, New York. This initiative marks a significant effort by the U.S. to bolster domestic chip production, which is crucial for national security and technological competitiveness.
I'm standing in Syracuse with @POTUS to say: Micron is here! And now with billions $$ in federal investment, Micron will transform Syracuse and all of Upstate NY into a global hub for the chips that will power America’s future. https://t.co/jfN9WEL7j1
I'm standing in Syracuse with @POTUS to say: Micron is here! And now with billions in federal investment, Micron will transform Syracuse and all of Upstate NY into a global hub for the chips that will power America’s future. https://t.co/NSnG1y7Wb1
BIG NEWS: I'm with President Biden in Syracuse to celebrate Micron's historic $6.1B award made possible by my CHIPS & Science Law. A historic day. A historic investment. A historic moment for Syracuse, for Upstate New York, and for all of America!
NTD LIVE: #Biden Delivers Remarks on #CHIPS and Science Act in New York Watch the livestream here: https://t.co/tLfVEHOeuY
Senate Majority Leader Chuck Schumer (D-NY) praises the tentative U.S. $6.1B deal with Micron to build microchip hubs as “largest single private investment in all of New York state's history.” “The funding will help Micron invest a record more than $100 billion in upstate.” https://t.co/vVqKO0Q8ET
I’m honored to welcome President Biden to Syracuse as we celebrate my CHIPS and Science Law delivering over $6.1 billion so Micron can build its chip mega-fab project! https://t.co/GdZfyyRjVI
Biden is off to Syracuse to chat with Micron officials. US plans to award the memory-chip maker $6.1 billion in grants and as much as $7.5 billion in loans to help it build new American factories. Bruce Reed, Natalie Quillian, Lael Brainard, Karine Jean-Pierre among the aides… https://t.co/tdGt4OUZiA
It’s official: Rounding out major Chips Act awards for advanced semiconductor manufacturers, Micron is in line to receive $6.1b in grants & up to $7.5b in loans Firm has pledged to invest $125b across New York & Idaho — more than they initially promised https://t.co/SxZjz57BL8
President Biden is heading to Syracuse, N.Y., on Thursday to tout up to $6.1 billion in federal grants to Micron Technology, part of an ongoing effort to bolster the nation’s supply of semiconductors. Follow for live updates. https://t.co/2btd5Otk0N
The Biden administration announced that it reached a preliminary agreement with semiconductor manufacturer Micron, the latest in a series of investments through the CHIPS and Science Act. https://t.co/MPEXW4AiQu
Biden Grants Micron $6.1 Billion for New US Chip Factories https://t.co/ObRpfjqZ2H
$MU (-0.0% pre) Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants - Reuters https://t.co/ZKtgTcCawr
US to give Micron $6.1 bn for American chip factories https://t.co/t89iAYcJVS
Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants https://t.co/0g6wrfdYSn https://t.co/YWVZYcRJoC
NEW: US to give Micron $6.1 bn for American chip factories https://t.co/aavSzPUw9H
“Today, President Biden will travel to Syracuse, NY, to announce that the Department of Commerce has reached a preliminary agreement with Micron to provide up to ~$6.14 billion in direct funding under the CHIPS & Science Act,” per White House statement, confirming @business scoop
⚠️ BIDEN TO ANNOUNCE PRELIMINARY DEAL WITH MICRON FOR UP TO $6.14 BILLION IN CHIP GRANTS Full Story → https://t.co/18Jy3GzHzn U.S. President Joe Biden will travel to Syracuse, New York, on Thursday to announce a preliminary agreement with memory chip maker Micron Technology… https://t.co/TahqmeojKq
The US plans to award Micron $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories https://t.co/ut2cAGySXy
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a "megafab" in New York and Idaho over the next 20 years (@benglickman / Wall Street Journal) https://t.co/HiNabOeAEo https://t.co/aT2BwJRcUe
Micron secures $13bn in US support to expand chipmaking capacity https://t.co/4m0atmPHSJ
Micron Technology is receiving up to $6.1 billion from the federal government to build three chip-making facilities https://t.co/NAfR9v0U0H