$6.1 Billion CHIPS and Science Act Funding invested in Micron
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Micron (MU) to Get Over $6 Billion in Chips Act Grants in Announcement Next Week
Micron Technology Inc., the largest US maker of computer-memory chips, is poised to get $6.1 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil.
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Samsung on Tap to Receive Up to $6.4B in CHIPS Funding
Samsung on Tap to Receive Up to $6.4B in CHIPS Funding The U.S. Department of Commerce has signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding to Samsung under the CHIPS and Science Act. The proposed investment would support the creation of more than Telecompetitor
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Micron set to receive grants totaling over $6 billion for US chip production
Sources familiar with the matter told Bloomberg that the deal is not yet finalized but could be wrapped up and announced as soon as next week. Based on the language used in the article, it does not sound as if the money is coming from the Chips and Science ActRead Entire Article