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International Business Times
International Business Times
Business
Beiyi SEOW

US To Give Micron $6.1 Bn For American Chip Factories

US lawmakers have approved billions of dollars to support the onshoring of semiconductor production (Credit: AFP)

Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.

The award, to be announced by President Joe Biden as he travels to Syracuse, New York, is the latest in a series of efforts by Washington to bring semiconductor production back to the country.

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