07:15 AM EST, 12/10/2024 (MT Newswires) -- Micron Technology ( MU ) received a $6.1 billion investment under the CHIPS and Science Act to fund the construction of state-of-the-art memory chip facilities in Clay, New York, and Boise, Idaho, Vice President Kamala Harris said in a statement on Tuesday.

The US Department of Commerce finalized this investment, which is part of Micron's larger $125 billion investment plan over the next few decades, with the goal of creating at least 20,000 jobs by the end of the decade and increasing the US share of "advanced memory manufacturing from nearly 0% today to 10% over the next decade," Harris said.

Additionally, the Department of Commerce has agreed to preliminary terms for an extra $275 million investment to expand Micron's Manassas, Virginia facility, supporting key defense, automotive, and national security communities, Harris said.