Nicron Awarded $6.1 Billion In CHIPS Grant For Central New York And Idaho Projects

[TTL News 308]

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Micron was awarded $6.1 billion in federal funding under the CHIPS and Science Law some of which will go toward the $100 billion mega-fab project in Clay. Funding will also go toward projects in Idaho, where Micron is based. 

U.S. Sen. Chuck Schumer (D-NY) announced the preliminary memorandum of terms (PMT) funding agreement Wednesday night, saying Micron's Clay project would not have been possible without the CHIPS funding. 

“This is one of the largest single direct federal investments in Central NY’s history," Schumer said. "A whopping $6.1 billion from my CHIPS and Science Law is coming to ensure Micron builds its cutting-edge chip-manufacturing fabs right here in both Central New York and Idaho. This is a landmark day for New York and for America, which will manufacture the advanced memory chips that power the world’s economy to secure its economic primacy and national security.” 

President Joe Biden plans to visit Syracuse next Thursday, April 25, to officially announce the award, according to a report by Bloomberg.

 

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