Micron Technology will receive more than $6.1 billion after the US Department of Commerce finalized one of the largest CHIPS Act awards ever to “the only US-based manufacturer of memory chips,” Vice President Kamala Harris said in a press statement.
Micron will use the funding to construct “several state-of-the-art memory chips facilities” in New York and Idaho, Harris said. The chipmaker has committed to a “$125 billion investment over the next few decades” and promised to create “at least 20,000 jobs,” Harris confirmed.
Additionally, Micron “agreed to preliminary terms for an additional investment of $275 million to expand” its facility in Manassas, Virginia, Harris confirmed. Those facilities will mostly be used to manufacture chips for automotive and defense industries, Harris noted.
