Previous close | 39.23 |
Open | 38.00 |
Bid | 33.10 |
Ask | 34.50 |
Strike | 90.00 |
Expiry date | 2025-01-17 |
Day's range | 34.85 - 38.00 |
Contract range | N/A |
Volume | |
Open interest | 6.77k |
Memory chip maker Micron Technology is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday. Micron and the U.S. Commerce Department did not immediately respond to Reuters requests for comment. Over the past few months, U.S. President Joe Biden has announced several funding initiatives, including nearly $20 billion in loans and grants for Intel and a $1.5 billion grant to GlobalFoundries.
The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho. Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four chip factories near Syracuse in the town of Clay. ”It will be the biggest memory chip plant in America,” said Schumer.
It is not clear whether the company also plans to accept loans available through the 2022 CHIPS and Science Act, the report added. Micron and the U.S. Commerce Department did not immediately respond to Reuters requests for comment. Over the past few months, U.S. President Joe Biden has announced several funding initiatives, including nearly $20 billion in loans and grants for Intel and a $1.5 billion grant to GlobalFoundries.