U.S. Commerce Department finalizes $6.165B subsidy to Micron, Reuters says

The U.S. Commerce Department finalized a $6.165B government subsidy to Micron (MU) Technology to produce semiconductors in New York and Idaho, David Shepardson of Reuters reports. The funding will support the company’s plan to invest around $100B in manufacturing in New York and an additional $25B in Idaho. Of the funding, $4.6B will be for New York and $1.5B will be for Idaho. This is one of the largest government awards to chip companies under the 2022 CHIPS and Science Act.