Biden gives $6.1B to Micron Technology for chip factories in New York


Source: nypost.com nypost.com
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Joe Biden's administration reached an agreement to dole out a staggering $6.1 billion in government support for semiconductor manufacturer Micron Technology to produce advanced computer memory chips in New York and Idaho. Senate Majority Leader Chuck Schumer (D-NY) personally pursued US-based Micron to build what will ultimately be a set of four chip factories near Syracuse in the town of Clay, according to Fortune. "It will be the biggest memory chip plant in America," Schumer said, per Fortune. "For the Syracuse area, this is the best thing that's happened probably since the Erie Canal." 5 Joe Biden's administration revealed plans…