Micron Secures $6.1 Billion Funding to Expand DRAM Factories in New York

Micron Secures $6.1 Billion Funding to Expand DRAM Factories in New York

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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 federal grant of $6.14 billion to support the expansion of its dynamic random-access memory (DRAM) factory in Syracuse, New York.

Earlier this month, TSMC and Samsung received similar grants.

Micron Secures $6.1 Billion Funding to Expand DRAM Factories in New York

Micron’s roadmap plans to invest over $100 billion in New York and create more than 13,000 job opportunities through this expansion.

Additionally, the new funding round is expected to finance a $25 billion investment in a separate DRAM factory in Boise, Idaho, near Micron’s headquarters and research and development facility.

This new investment is part of a broader plan to bring 40% of Micron’s DRAM production to the United States over the next two decades.

Currently, Micron’s advanced DRAM chips are manufactured in Japan and Taiwan.

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