Micron Technology, Inc. (MU) designs, manufactures and sells memory and storage products globally. The company operates through its four broad segments: Compute and Networking Business Unit; Mobile Business Unit; Storage Business Unit; and Embedded Business Unit.
This week, the Senate passed bipartisan legislation known as the CHIPS-plus or the Chips and Science Act to boost domestic semiconductor chip production and help producers compete with China. The package includes more than $52 billion for companies producing computer chips, as well as tax credits to encourage investment. MU might come out as a significant beneficiary of this funding.
