India, April 26 -- President Joe Biden announced that the Department of Commerce has reached a preliminary agreement with Micron Technology, Inc. to provide $6. 14 billion in direct funding under the CHIPS and Science Act.
Using the federal funding, paired with its investment of $125 billion, Micron will construct two leading-edge Dynamic Random-Access Memory (DRAM) fabrication facilities in Clay, New York, and one near the major chip manufacturer's headquarters in Boise, Idaho.
The U.S. Department of Commerce said the DRAM fab in Idaho will be co-located with Micron's R&D facilities in Boise and create approximately 6,500 facility and construction jobs. Together, these investments would advance the company's plans to onshore approximatel...