Micron (MU) May Get More Than $6B to Set Up Factories in the US

Zacks04-18

Micron Technology Inc. MU is poised to receive a substantial boost with reports indicating that it could secure more than $6 billion in chip grants for establishing factories in the United States, ...

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MU is poised to receive a substantial boost with reports indicating that it could secure more than $6 billion in chip grants for establishing factories in the United States, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/micron-mu-may-more-6b-122500653.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0541501648.USD","symbol_name":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/micron-mu-may-more-6b-122500653.html","article_id":"2428593594","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hf_2I4mS3iKLS6NqhA7HRA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f137593ef3b3f5b2675404f14056fe62"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428593594","pubTimestamp":1713443100,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Micron Technology Inc. MU is poised to receive a substantial boost with reports indicating that it could secure more than $6 billion in chip grants for establishing factories in the United States, according to a report by Bloomberg. The award, which isn’t yet finalized, will be given under the U.S. government’s 2022 Chips and Science Act, which provides funds to chip manufacturers for domestic production.The chip grant, part of the U.S. government's efforts to bolster domestic semiconductor manufacturing, underscores Micron's pivotal role in enhancing domestic chip production capabilities. This infusion of funds is expected to facilitate the establishment of state-of-the-art semiconductor manufacturing facilities, positioning Micron at the forefront of the domestic semiconductor industry.Furthermore, Micron's investments in domestic chip manufacturing align with broader government initiatives aimed at boosting domestic semiconductor production. The U.S. government's support through chi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4585":"ETF&股票定投概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","03145":"华夏亚洲高息股","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0072462426.USD":"贝莱德全球配置 A2","BK4575":"芯片概念","MU":"美光科技","BK4587":"ChatGPT概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4527":"明星科技股","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4579":"人工智能","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4588":"碎股","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","BK4141":"半导体产品","LU0109392836.USD":"富兰克林科技股A","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","TSM":"台积电","BK4505":"高瓴资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","BK4581":"高盛持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","NVDA":"英伟达","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4529":"IDC概念","BK4591":"室温超导概念","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","INTC":"英特尔","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD"},"translate_title":"美光（MU）可能获得60多亿美元在美国建厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1,"NVDA":1,"MU":1,"INTC":0.9,"03145":0.6},"content_text":"Micron Technology Inc. MU is poised to receive a substantial boost with reports indicating that it could secure more than $6 billion in chip grants for establishing factories in the United States, according to a report by Bloomberg. The award, which isn’t yet finalized, will be given under the U.S. government’s 2022 Chips and Science Act, which provides funds to chip manufacturers for domestic production.\nThe chip grant, part of the U.S. government's efforts to bolster domestic semiconductor manufacturing, underscores Micron's pivotal role in enhancing domestic chip production capabilities. This infusion of funds is expected to facilitate the establishment of state-of-the-art semiconductor manufacturing facilities, positioning Micron at the forefront of the domestic semiconductor industry.\nMicron Expands Domestic Chip Production\nThis significant development comes on the heels of Micron's earlier announcement of multi-billion-dollar investments aimed at setting up chip factories in the country. In September 2022, the company unveiled plans to invest approximately $15 billion through the end of the decade in building a new fabrication factory for manufacturing memory chips in Idaho. This initiative marked a significant milestone as it represented the United States' first memory chip manufacturing facility in two decades.\n\nMicron Technology, Inc. Price and Consensus\n\nMicron Technology, Inc. price-consensus-chart | Micron Technology, Inc. Quote\n\nMoreover, in October 2022, Micron announced plans to invest up to $100 billion over the next 20-plus years to build a factory in upstate New York. This ambitious undertaking is set to be the largest semiconductor fabrication facility in the history of the United States, further solidifying Micron's commitment to expanding its domestic manufacturing capabilities.\nMicron’s investment plans will help the company raise its memory chip output in the United States. The company has a long-term strategic target of bringing American-made DRAM chip production to 40% of its total global output over the next decade.\nThe influx of $6 billion in chip grants and the multi-billion-dollar investments underscore Micron's strategic focus on strengthening its position in the semiconductor industry and enhancing its competitiveness in the global market. By investing in domestic manufacturing facilities, Micron aims to address supply chain vulnerabilities and reduce dependency on foreign-made chips, thereby ensuring a more resilient and secure semiconductor supply chain.\nThe expansion of Micron's manufacturing footprint in the United States is expected to yield substantial economic benefits, including job creation, economic growth and technological innovation.\nFurthermore, Micron's investments in domestic chip manufacturing align with broader government initiatives aimed at boosting domestic semiconductor production. The U.S. government's support through chip grants reflects its recognition of the strategic importance of the semiconductor industry and its commitment to fostering innovation and economic growth in the country.\nOther Chip Manufacturers’ Domestic Expansion Plan\nThe semiconductor industry is witnessing a trend of companies like Intel Corporation INTC, Samsung and Taiwan Semiconductor Manufacturing Company TSM announcing plans to invest billions of dollars in setting up manufacturing facilities in the United States. Like Micron, these companies are also eligible for significant chip grants under the 2022 Chips and Science Act, further incentivizing their expansion into the U.S. market.\nFor instance, Intel has announced its intention to invest $20 billion to build two new chip factories in Arizona, while Samsung is planning to invest $17 billion to build a new chip factory in Texas. Additionally, Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, has revealed plans to construct a semiconductor fab in Arizona, with an investment of $12 billion.\nThese investments underscore the semiconductor industry's recognition of the strategic importance of the U.S. market and the favorable regulatory environment established by the 2022 Chips and Science Act. By establishing manufacturing plants in the United States, semiconductor companies not only gain access to chip grants but also benefit from proximity to key customers, research institutions and a skilled workforce.\nFurthermore, the 2022 Chips and Science Act provides significant financial incentives, including grants, tax credits and funding for research and development, to semiconductor companies investing in domestic manufacturing. This legislation aims to accelerate innovation, strengthen national security and ensure a stable and resilient semiconductor supply chain.\nZacks Rank & Another Stock to Consider\nCurrently, Micron carries a Zacks Rank #2 (Buy), while Intel and Taiwan Semiconductor Manufacturing Company each carry a Zacks Rank #3 (Hold). Shares of MU and TSM have soared 36.3% and 33.7%, respectively, year to date (YTD). Meanwhile, INTC stock has plunged 29% YTD.\nAnother top-ranked stock worth considering in the semiconductor industry is NVIDIA Corporation NVDA. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.\nThe Zacks Consensus Estimate for NVIDIA's fiscal 2025 earnings has been revised upward by 35 cents to $23.84 per share in the past 30 days. NVIDIA’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 20.2%. Shares of NVDA have surged 69.7% YTD.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nIntel Corporation (INTC) : Free Stock Analysis Report\nMicron Technology, Inc. (MU) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nTaiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428593594"}