Biden administration set to provide $6.1 billion to Micron Technology for chip plants in NY, Idaho

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Idaho News

Joe Biden,China,New York

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, a New York Democrat, personally courted Micron to build what would ultimately be a set of four chip factories in Syracuse.

President Joe Biden waves as he walks across the South Lawn of the White House in Washington, Wednesday, April 17, 2024, after returning from a trip to Pennsylvania. Senate Majority Leader Chuck Schumer, D-N.Y., talks on his phone on the way to a closed-door Democratic strategy session, at the Capitol in Washington, Wednesday, March 20, 2024.

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. A senior Biden administration official, insisting on anonymity to discuss the deal before its official announcement, confirmed the agreement with Micron.

Joe Biden China New York U.S. Democratic Party General News ID State Wire NY State Wire W Technology Intel Corp N Washington News Charles Schumer National Security Politics Taiwan Semiconductor Manufacturing Co Ltd Business F

 

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