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Over $6 billion in CHIPS Act funding finalized for Micron plants in the US
Micron will put it towards plants in Idaho and New York.
The new funding will go towards multiple semiconductor manufacturing projects in the US, including an Idaho plant and a Syracuse, New York “mega-fab” facility, both announced in 2022. The grant, which was announced in April, approaches the size of other multibillion-dollar CHIPS Act subsidies given to Intel, TSMC, and Samsung. The Commerce Department says it also “signed a non-binding Preliminary Memorandum of Terms” to give Micron $275 million in proposed funding for the expansion of its Manassas, Virginia facility.
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