Micron Lands $6 Billion in Federal Grants To Make Chips in US

Investopedia12-11

Key Takeaways Micron Technology on Tuesday received a grant of up to $6.165 billion from the federal CHIPS Act to manufacture semiconductors domestically.The money will be used for construction on ...

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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 Lands $6 Billion in Federal Grants To Make Chips in US\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 03:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/micron-lands-usd6-billion-in-federal-grants-to-make-chips-in-us-8759009><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nMicron Technology on Tuesday received a grant of up to $6.165 billion from the federal CHIPS Act to manufacture semiconductors domestically.The money will be used for construction on ...</p>\n\n<a href=\"https://www.investopedia.com/micron-lands-usd6-billion-in-federal-grants-to-make-chips-in-us-8759009\">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":"BK4527","symbol_name":"明星科技股","start_time":0,"source_url":"https://www.investopedia.com/micron-lands-usd6-billion-in-federal-grants-to-make-chips-in-us-8759009","article_id":"2490729025","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/krvDM6RHEykWbSRz9Hsuqt5WhnU=/4000x2662/filters:no_upscale():max_bytes(150000):strip_icc()/INV_Micron_HQ_GettyImages-2147910002-785f6b5ea19547248f80a9e8f9cfd814.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490729025","pubTimestamp":1733860616,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Micron Technology on Tuesday received a grant of up to $6.165 billion from the federal CHIPS Act to manufacture semiconductors domestically.The money will be used for construction on Micron plants in New York state and Idaho.The Commerce Department also gave preliminary approval to an additional $275 million to improve Micron's Virginia DRAM memory chip facility.The Commerce Department said Tuesday that Micron Technology  has been awarded up to $6.165 billion to make semiconductors in the U.S. as part of the CHIPS and Science Act of 2022.The agency said the money would support Micron’s “two-decade vision” to invest approximately $100 billion in New York and $25 billion in Idaho for new factories and create about 20,000 new jobs. The Commerce Department also said Micron would receive the funding in increments based on the completion of certain milestones.In addition, the department signed a non-binding agreement with the company to grant up to $275 million to expand and modernize Micron","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4527":"明星科技股","MU":"美光科技","BK4588":"碎股","BK4579":"人工智能","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4141":"半导体产品","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","BK4512":"苹果概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","CEO":"中海油","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4553":"喜马拉雅资本持仓","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4585":"ETF&股票定投概念","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","BK4575":"芯片概念","BK4566":"资本集团","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD"},"translate_title":"美光科技获得60亿美元联邦拨款在美国生产芯片","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US7Y.BOND":1,"CEO":1,"MU":1,"US10Y.BOND":1,"US12M.BOND":1,"US2Y.BOND":1,"US30Y.BOND":1,"US3Y.BOND":1,"US5Y.BOND":1,"US6M.BOND":1},"content_text":"Key Takeaways\nMicron Technology on Tuesday received a grant of up to $6.165 billion from the federal CHIPS Act to manufacture semiconductors domestically.The money will be used for construction on Micron plants in New York state and Idaho.The Commerce Department also gave preliminary approval to an additional $275 million to improve Micron's Virginia DRAM memory chip facility.\n The Commerce Department said Tuesday that Micron Technology (MU) has been awarded up to $6.165 billion to make semiconductors in the U.S. as part of the CHIPS and Science Act of 2022. \n\n\n The agency said the money would support Micron’s “two-decade vision” to invest approximately $100 billion in New York and $25 billion in Idaho for new factories and create about 20,000 new jobs. The Commerce Department also said Micron would receive the funding in increments based on the completion of certain milestones.\n\n\n In addition, the department signed a non-binding agreement with the company to grant up to $275 million to expand and modernize Micron’s DRAM memory chip facility in Manassas, Virginia. \n\n\n  Grant To Fund Three New Memory-Chip Fabrication Plants  \n Micron Chief Executive Officer (CEO) Sanjay Mehrotra said that, as the only American-based manufacturer of memory chips, “Micron is uniquely positioned to bring leading-edge memory manufacturing to the U.S., strengthening the country’s technology leadership and fostering advanced innovation.” \n\n\n The original grant was announced in April, and Tuesday’s statement followed due diligence conducted by Commerce officials. At that time, Micron explained that the money would go toward building one leading-edge memory manufacturing fabrication plant, to be co-located with the company’s existing research and development facility in Boise, Idaho, and for constructing two leading-edge memory fabrication plants in Clay, New York.\n\n\n The news didn’t help Micron Technology stock Tuesday, which lost 4.5% and was trading at $98.21 this afternoon. Still, shares are up 15% so far this year.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? 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