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International Business Times

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Beiyi SEOW

US Firms Up $6.2 Bn Micron Funding To Boost Chipmaking

Micron United States Joe Biden Donald Trump Micron Technology the White House Semiconductor Gina Raimondo Memory the Commerce Department

The US government's Micron investment aims to bring development and production of advanced memory semiconductor technology to US shores (Credit: AFP)

US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.

The Biden administration has been working to green-light agreements with firms in the chip making supply chain over recent months, hoping to cement it as part of his legacy before leaving office in January.

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