Biden Is Giving $6 Billion to Micron Technology for Semiconductor Production
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Biden Is Giving $6 Billion to Micron Technology for Semiconductor Production
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports.
.
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment.
.
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports.
.
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
In addition to "tens of thousands of
indirect jobs in the regions," NPR reports.
.
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
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Credit: The Hollywood Reporter Duration: 01:42Published
Donald Trump says he would end Russia's war in Ukraine should he return to the White House - but any rushed deal will likely leave Kyiv much weaker and European.. Sky News
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Prime Minister Keir Starmer has met with President Biden at the White House to disucss conflicts in Ukraine and the Middle East. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Hezbollah refutes Israeli claims of assassinating commander Ali Karaki, asserting he's alive and safe. Israel has intensified attacks on Lebanon, targeting Beirut's southern suburbs, Bekaa Valley, and southern regions. Recent strikes in Bir al-Abed injured seven, following an earlier attack killing 51. As of Now, Hezbollah has retaliated with over 100+ Rocket Attacks.
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Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production.
On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing..
Credit: Wibbitz Top Stories Duration: 01:31Published
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