Micron is getting $6.1B funding to expand its DRAM fabs in New York

Micron Technology is the latest recipient of direct funding from the US Department of Commerce under the CHIPS and Science Act. The US-based computer memory and data manufacturer is set to receive a $6.14 billion federal grant to support the expansion of its Dynamic random-access memory (DRAM) fabs in Syracuse, New York. TSMC and Samsung received similar subsidies earlier this month.

Micron’s roadmap plans include investing upwards of $100 billion in the state of New York and creating over 13,000 jobs in the process. The new round of funding is also set to unlock a $25 billion…

​ Micron Technology is the latest recipient of direct funding from the US Department of Commerce under the CHIPS and Science Act. The US-based computer memory and data manufacturer is set to receive a $6.14 billion federal grant to support the expansion of its Dynamic random-access memory (DRAM) fabs in Syracuse, New York. TSMC and Samsung received similar subsidies earlier this month.

Micron’s roadmap plans include investing upwards of $100 billion in the state of New York and creating over 13,000 jobs in the process. The new round of funding is also set to unlock a $25 billion…   Read More GSMArena.com – Latest articles