Micron wins ~$6.1B CHIPS Act grant to build three new fabs

seekingalpha04-25

The U.S. Department of Commerce has reached a preliminary agreement with Micron (NASDAQ:MU) to provide up to ~$6.14B in direct funding under the CHIPS and Science Act. This grant will support the ...

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This grant will support the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093838-micron-wins-61b-chips-act-grant-to-build-three-new-fabs\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron wins ~$6.1B CHIPS Act grant to build three new fabs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron wins ~$6.1B CHIPS Act grant to build three new fabs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4093838-micron-wins-61b-chips-act-grant-to-build-three-new-fabs><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. Department of Commerce has reached a preliminary agreement with Micron (NASDAQ:MU) to provide up to ~$6.14B in direct funding under the CHIPS and Science Act. This grant will support the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093838-micron-wins-61b-chips-act-grant-to-build-three-new-fabs\">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":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://seekingalpha.com/news/4093838-micron-wins-61b-chips-act-grant-to-build-three-new-fabs","article_id":"2430474690","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/523380648/image_523380648.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430474690","pubTimestamp":1714038931,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The U.S. Department of Commerce has reached a preliminary agreement with Micron (NASDAQ:MU) to provide up to ~$6.14B in direct funding under the CHIPS and Science Act. 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This grant will support the construction of two fabs in Clay, New York, and one fab in Boise, Idaho, unleashing approximately $50B in private investment by 2030 as the first step towards Micron’s investment of up to $125B across both states over the next two decades to build a leading-edge memory manufacturing ecosystem. In Clay, New York, the funding will support the construction of the first two fabs of a planned four fab “megafab” focused on leading-edge (dynamic random access memory) chip production. Each fab will feature 600,000 sq. ft. of cleanrooms, totaling 2.4m sq. ft. of cleanroom space across the four facilities—the largest amount of cleanroom space ever announced in the U.S. The funding will also support the development of a high-volume manufacturing (HVM) fab in Boise, Idaho. This facility, co-located with the company’s existing, leading-edge R&D site, will also feature approximately 600,000 sq. ft. of cleanroom space focused on the production of leading-edge DRAM chips. Micron’s (MU) planned chip-making facilities are expected to create approximately 75,000 domestic jobs over the next 20-plus years. President Joe Biden will travel to Syracuse, New York today to announce that the grant. Today’s announcement marks the seventh preliminary award under the $53B CHIPS and Science Act, which is meant to boost chip production in the U.S. Intel (INTC) has secured the largest CHIPS Act grant of $8.5B to-date, followed by Taiwan Semiconductor Manufacturing (TSM), with $6.6B, and Samsung (OTCPK:SSNLF), with $6.4B. Shares of Micron (MU) were up 0.89% premarket on Thursday   More on Micron   Micron: CHIP Grants Are Rocket Fuel (Rating Upgrade) Why Micron Technology Is A Solid Investment For The Future Of Data Centers And AI Micron: Optimism Appears Fully Baked In Through 2026 - No Margin Of Safety Micron seeks federal funding to modernize DRAM production in Virginia Micron to get $6.1B grant from U.S. for local chipmaking projects","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/2430474690"}