Micron clinches total of up to $13.6 billion in US grants, loans
US News: US President Joe Biden is set to visit Syracuse, New York, to reveal a preliminary deal with Micron Technology for up to $6.14 billion in subsidies fo
Stay updated with breaking news from Intel Corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
US News: US President Joe Biden is set to visit Syracuse, New York, to reveal a preliminary deal with Micron Technology for up to $6.14 billion in subsidies fo
The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.’s (NASDAQ:META)
The U.S. plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories.
At a 1,000-acre site in Ohio, Intel Corp. (No. 1) is building a pair of semiconductor fabrication plants, or fabs, that promise to be part of an influx of new domestic production of leading-edge chips.
The funding award guarantees that Micron will proceed with its first cutting-edge manufacturing expansion in the US in more than 20 years.