The deal will support Micron's 20-year plan, which is expected to create about 20,000 jobs and help the US increase its market share in advanced memory chip manufacturing.
The Biden administration finalized approval of nearly $6.2 billion in funding for Micron Technology on December 10, cementing a deal to boost domestic semiconductor manufacturing ahead of the transition to a new administration.
The latest funding comes from the CHIPS and Science Act, a landmark piece of legislation passed during Biden’s term aimed at strengthening the US semiconductor industry.
The Commerce Department said the deal would support Micron’s 20-year plan, which includes an investment of about $100 billion in New York and $25 billion in Idaho. The investment is expected to create about 20,000 jobs and help the U.S. increase its share of the advanced memory chip manufacturing market.
In addition to the efforts in New York and Idaho, the U.S. Department of Commerce has also signed a preliminary agreement with Micron for a proposed grant of up to $275 million to expand and modernize the company’s Virginia facility. The goal is to help ensure a stable supply of Micron’s technology products, including chips critical to the automotive and industrial markets.
In a statement, Commerce Secretary Gina Raimondo said the investment in Micron will help develop advanced memory chip manufacturing technology for the United States. She added that this is important to protecting America's leadership in Artificial Intelligence (AI) as well as protecting national and economic security.
The U.S. government is working to reduce its dependence on foreign semiconductor supplies, especially from China. Washington wants to build a reliable domestic supply of chips for advanced technologies from personal computers to AI, including the development of new AI models.
The US used to produce nearly 40% of the world's chips, but that percentage is now only about 10% and none of the chips are cutting-edge.
In recent months, the Biden administration has been pushing to approve deals with companies in the chipmaking supply chain before he leaves office in January 2025. Companies would receive funding as they meet milestones in the deal.
Although the US government has announced more than $36 billion in funding through the CHIPS and Science Act, some of the funds are still in the appraisal stage and cannot be disbursed until agreements are finalized./.
Source: https://www.vietnamplus.vn/my-rot-62-ty-usd-cho-micron-de-thuc-day-san-xuat-chip-noi-dia-post1000289.vnp
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