The Economic Times daily newspaper is available online now.

    Micron to get $6.1 bn in grants in US chipmaking boost

    Synopsis

    The investment will help Micron "to bring back leading-edge memory chip manufacturing to the United States for the first time in 20 years," said New York senator Chuck Schumer.

    MicronAgencies
    Micron (File Photo)
    Micron is set to receive up to $6.1 billion in grants from the US government to help build semiconductor plants in New York and Idaho, the White House said on Thursday.

    The investment will help Micron "to bring back leading-edge memory chip manufacturing to the United States for the first time in 20 years," said New York senator Chuck Schumer.
    It is the latest in a series of awards as President Joe Biden seeks to bring semiconductor production back to the US.


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News, Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more

    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News, Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more
    The Economic Times

    Stories you might be interested in