The Biden administration chose Boise, Idaho-based Micron Technology for a $6.1 billion federal grant and $7.5 billion loan to build factories where memory chips would be manufactured, the latest award meant to drive domestic production of vital technology.
Micron will build one factory in Clay, N.Y., and another in Boise using the funds from a program overseen by the Commerce Department, promising to invest as much as $125 billion over the next two decades at both facilities, the department said in a statement made public Thursday.
The grant and loan will “supercharge Micron to bring back leading-edge memory chip manufacturing back to the United States for the first time in 20 years,” Senate Majority Leader Charles E. Schumer, D-N.Y., told reporters Wednesday in a news conference ahead of the official announcement.
