US Senate Majority Leader Chuck Schumer announced on the Senate floor a $61 billion grant for Micron Technology, a semiconductor manufacturer, under the CHIPS for America Act, part of the United States Innovation and Competition Act (USICA). The grant aims to bring major investment in Upstate New York and stimulate the domestic semiconductor industry. The CHIPS for America Act and the NSF for the Future Act are the two main components of the USICA, which is pending in the House of Representatives after passing in the Senate. Schumer reiterated the importance of semiconductors to the US economy, national security, and technological innovation.
Are you interested in learning more about the USICA and how it aims to stimulate the domestic semiconductor industry? Click the link below to read Majority Leader Chuck Schumer’s Senate floor remarks on the topic and find out more about this major investment in Upstate New York.
