Micron (MU) May Get More Than $6B to Set Up Factories in the US
MUMicron Technology(MU) Zacks Investment Research·2024-04-18 21:26

Micron Technology Inc. (MU) is poised to receive a substantial boost with reports indicating that it could secure more than $6 billion in chip grants for establishing factories in the United States, according to a report by Bloomberg. The award, which isn’t yet finalized, will be given under the U.S. government’s 2022 Chips and Science Act, which provides funds to chip manufacturers for domestic production. The chip grant, part of the U.S. government's efforts to bolster domestic semiconductor manufacturing ...