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 BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldHuawei’s New Phone Runs Latest Version of Made-in-China ChipPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingUS Economy Slows and Infla
Biden administration announces $6.1 billion Chips Act grant for Boise-based semiconductor maker Micron.