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Micron to receive up to $6.14 billion in CHIPS Act funding.
The Biden administration’s pledge will help Micron’s $100 billion plan to build new DRAM fabs in New York, with the proposed funding set to unlock a $25 billion investment for another facility under construction in Idaho.
Micron, the sole US-based memory manufacturer, hopes to onshore 40 percent of its DRAM chip production. Its leading-edge chips are currently made in Japan and Taiwan.
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