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April 25, 2024
President Joe Biden has arrived in New York state to celebrate a tech company’s plans to build a campus of computer chip factories made possible in part with government support.
April 25, 2024
President Joe Biden on Thursday sought to sell voters on an American “comeback story” as he highlighted longterm investments in the economy in upstate New York to celebrate Micron Technology's plans to build a campus of computer chip factories made possible in part with government support.
April 25, 2024
Micron Technology is set to receive $6.1 billion in funding from the U.S. government to build three chip facilities, in the latest award from the White House aimed at boosting the production of semiconductors domestically.
April 25, 2024
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
April 25, 2024
WASHINGTON (Reuters) -U.S. President Joe Biden traveled to Syracuse, New York, on Thursday and announced a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories. 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. Biden said the United Stat...
April 25, 2024
The funding will help with the construction of two new Micron facilities in Clay, New York, and one new facility in Boise, Idaho
April 25, 2024
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
April 25, 2024
The funding agreement with the U.S. Commerce Dept. was contingent on Micron Technologies recently announced pledge to invest $50 billion in the plants over the next five years.
April 25, 2024
The funding is the federal government's latest effort to boost chip manufacturing in the U.S. as opposed to overseas.
April 25, 2024
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