Micron is getting $6.1B funding to expand its DRAM fabs in New York

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Micron is getting $6.1B funding to expand its DRAM fabs in New York

April 25, 2024, 07:57 PM

Micron Technology is the latest recipient of direct funding from the US Department of Commerce under the CHIPS and Science Act. The US-based computer memory and data manufacturer is set to receive a $6.14 billion federal grant to support the expansion of its Dynamic random-access memory (DRAM) fabs in Syracuse, New York. TSMC and Samsung received similar subsidies earlier this month.

Micronâ€™s roadmap plans include investing upwards of $100 billion in the state of New York and creating over 13,000 jobs in the process. The new round of funding is also set to unlock a $25 billion...

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