Micron set to get $6.1 billion in chip grants from US - The Economic Times

Summary

The article text highlights Micron Technology's anticipated $6.1 billion grant under the CHIPS and Science Act for semiconductor factory projects in New York and Idaho, supporting Biden's presidency efforts to bolster the U.S. semiconductor industry, which includes companies like Intel and STMicroelectronics and is concerned about competition from firms like Yangtze Memory Technologies. Chuck Schumer and other politicians advocate for these initiatives to enhance domestic production and reduce reliance on foreign chip manufacturing.