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Biden to announce preliminary deal with Micron for up to $6.14 billion in chip grants

U.S. President Joe Biden will travel to Syracuse, New York, on Thursday to announce a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories, the White House said. The agreement signed by the U.S. Commerce Department will fund facilities in New York and Idaho under the 2022 CHIPS and Science Act, which aims to boost domestic manufacturing of chips and reduce reliance on supplies from China and Taiwan. The Commerce Department s...
United States New York White House District Of Columbia Westchester County Andrea Shalal
Source: yahoo.com

Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

Tokio Marine Asset Management Co. Ltd. grew its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,340 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,543 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Micron Technology […]
United States New Zealand General New Zealand Aprils Arnzen Sanjay Mehrotra Micron Technology Stock

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North American Morning Briefing : More Tech Earnings in Focus With GDP Data Adding to the Uncertainty

OPENING CALL Stock futures traded lower on Thursday and technology shares sank after Meta Platforms issued a disappointing outlook. It shares were down 13%. All eyes turn towards Microsoft... -April 25, 2024 at 06:06 am EDT - MarketScreener
United Kingdom Region De Tarapaca Los Bronces Libertador General Bernardoo Higgins United States New York

As Biden celebrates computer chip factories, voters wait for the promised production to start – Metro US

WASHINGTON (AP) โ€” President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024. On Thursday, the Democratic president will head to upstate New York to celebrate Micron Technology’s plans to build a campus of computer chip factories made possible in part with government support. But the […]
United States New York Joe Biden Chuck Schumer Micron Technology President Joe Biden
Source: metro.us

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