US commerce dept finalises $6.1 billion Micron chipmaking subsidy

The US Commerce Department said on Tuesday it had finalized a $6.165 billion government subsidy for Micron Technology to produce semiconductors in New York and Idaho.

The funding will support Micron’s long-term plan to invest around $100 billion in manufacturing in New York and $25 billion in Idaho and is one of the largest government awards to chip companies under the $52.7 billion 2022 CHIPS and Science Act.