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US finalizes nearly $6.2 billion award for Micron for chips production
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US finalizes nearly $6.2 billion award for Micron for chips production
Dec 10, 2024 6:44 AM

WASHINGTON, Dec 10 (Reuters) - The U.S. Commerce

Department said Tuesday it has finalized a nearly $6.2 billion

government subsidy for Micron Technology ( MU ) for

semiconductor production in New York and Idaho.

The funding will support Micron's long-term plan to invest

approximately $100 billion in New York and $25 billion in Idaho.

Separately, the department has reached a preliminary agreement

to award Micron up to $275 million in proposed funding to expand

and modernize its facility in Manassas, Virginia.

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