US semiconductor manufacturer Micron Technology is set to receive $6.1 billion in funding through the CHIPS for America Act and the US Innovation and Competition Act (USICA) to invest in domestic memory and storage production. The investment was announced by the Biden-Harris administration, Senate Majority Leader Chuck Schumer, and Senator Mike Crapo. The funding is part of a larger $52 billion CHIPS Act package aimed at strengthening US supply chains and reducing dependence on foreign semiconductor production.
Don’t miss out on the full details of this historic investment in the US semiconductor industry. Discover how Micron Technology plans to utilize the funding to enhance domestic memory and storage production. Click the link below for a comprehensive understanding of how the Biden-Harris administration and US senators are working towards strengthening American supply chains and reducing foreign dependence.
