Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.
Despite nearly $28 billion in subsidies flowing to chip companies, AI remains the industry’s kingmaker.
(Bloomberg) -- The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityPlunging Ho