WASHINGTON — 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.
The comparison to the 1825 infrastructure project that connected the Great Lakes to the Atlantic Ocean gets at the magnitude of the economic impact as well as the national security stakes.Including the government support, Micron plans to invest $100 billion in upstate New York over the next two decades. The investment would lead to an estimated 9,000 direct jobs and 40,000 construction jobs.
A senior Biden administration official, insisting on anonymity to discuss the deal before its official announcement, confirmed the agreement with Micron. Trump has told his supporters that China was “afraid” of him because he levied tariffs on the nation with the goal of supporting U.S. factory jobs. Biden has kept the tariffs and on Wednesday suggested plans to expand them on steel and aluminum.The former president's onetime right-hand man pointed out Trump's history when it comes to marking his children's educational milestones.
Chuck Schumer Joe Biden Chip Shortages Memory Chip Biden Administration Computer Chips Government Support Democratic Administration
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