Biden grants $6 billion to Micron to boost chip production
WASHINGTON — U.S. President Joe Biden was in Syracuse, New York, Thursday to tout a deal to provide memory chip maker Micron Technology with $6.1 billion in federal grants to support the firm in building factories in the states of New York and Idaho. “We’re bringing advanced chip manufacturing back to America after 40 years,” Biden said Thursday. He said the funding, paired with a $125 billion investment from Micron, represents the “single biggest private investment ever in history of these two states.” The investment will support the construction of two plants in Clay, a suburb of Syracuse, New York, andmore
Leave a comment