US Senator Charles Schumer announced that Micron Technology will receive $6.1 billion in preliminary funding as part of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. The funding is intended to boost the domestic manufacturing of semiconductors and reduce the national dependence on foreign chips. The CHIPS Act is part of the larger US Innovation and Competition Act, which aims to enhance America’s competitive potential on the global stage.
Stay informed about the latest developments in US technology policy and how it impacts domestic businesses. Click the link below to read more about the CHIPS for America Act and how $6.1 billion in funding will be channelled to Micron Technology to bolster the national semiconductor industry.
