Micron Technology Awarded $6B in CHIPS Funding

Manufacturing.NET12-10

The U.S. Department of Commerce awarded Micron Technology up to $6.165 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. Micron...

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The projects would also increase the U.S.'s share of advanced memory manufacturing from less than 2% today to approximately 10% by 2035.According to the commerce department, the investment will help strengthen U.S. economic resiliency by boosting a domestic supply of DRAM chips essential for advanced technologies, including personal computing, industrial, high-performance compute, automotive, industrial, wireless communications and artificial intelligence.Micron’s DRAM chips also power the company’s performance memory, known as High-Bandwidth Memory , which is critical for enabling new AI models. With this funding, Micron ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4527":"明星科技股","BK4579":"人工智能","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","BK4141":"半导体产品","BK4588":"碎股","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4512":"苹果概念","MU":"美光科技","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4168":"多种金属与采矿","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","HBM":"HudBay Minerals Inc","BK4553":"喜马拉雅资本持仓","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4585":"ETF&股票定投概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","BK4566":"资本集团","BK4575":"芯片概念","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC"},"translate_title":"美光科技获得6B美元CHIPS资金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MU":1,"HBM":1},"content_text":"The U.S. Department of Commerce awarded Micron Technology up to $6.165 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. \nMicron expects the funding to support its two-decade plan to invest approximately $100 billion in New York and $25 billion in Idaho, which will create approximately 20,000 jobs. The projects would also increase the U.S.'s share of advanced memory manufacturing from less than 2% today to approximately 10% by 2035.\nMost Read on Manufacturing.net\n\nWATCH: Famed Workwear Maker Moving from Texas to California \nEcono-Pak Announces Major Co-Packing Facility Expansion \nWATCH: Cargill to Cut 8,000 Jobs \nWATCH: Electric Bus Co. Suspends Production at Brand New Plant \n\nAccording to the commerce department, the investment will help strengthen U.S. economic resiliency by boosting a domestic supply of DRAM chips essential for advanced technologies, including personal computing, industrial, high-performance compute, automotive, industrial, wireless communications and artificial intelligence. \nMicron’s DRAM chips also power the company’s performance memory, known as High-Bandwidth Memory (HBM), which is critical for enabling new AI models. With this funding, Micron plans to expand the development and production of the most advanced memory semiconductor technology in New York and Idaho and is committing to spend approximately $50 billion before the end of the decade.\nThe commerce department plans to disburse the funds based on Micron’s completion of project milestones.\nThe Biden-Harris Administration also announced that the Department of Commerce signed a non-binding Preliminary Memorandum of Terms with Micron Technology for up to $275 million in proposed funding to expand and modernize its facility in Manassas, Virginia. The expected capital expenditure for the modernization will be $2 billion over the next several years. \nThe proposed project would onshore Micron’s 1-alpha technology to its Manassas facility, increasing monthly wafer output. Micron’s 1-alpha node, an advanced DRAM process technology, offers improvements in bit density, power efficiency and performance capability. Supporting a stable supply of Micron’s 1-alpha technology would advance U.S. supply chain resiliency because the legacy DRAM memory chips that would be made in Virginia are important components for the automotive and industrial markets. \nMicron expects the proposed project in Manassas to create over 400 manufacturing jobs and up to 2700 community jobs at the peak of the project.\nClick here to subscribe to our daily newsletter featuring breaking manufacturing industry news.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.4","shortVersion":"4.29.4","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/2490041433"}