Biden Announces Major Investment in Semiconductor Industry with Micron Deal
On Thursday, the Biden administration announced a preliminary agreement with Micron, a semiconductor manufacturer based in Idaho. This investment is part of the bipartisan CHIPS and Science Act and will support the construction of two manufacturing hubs, one in Clay, N.Y., near Syracuse, and the other in Boise, Idaho. The agreement includes up to $6.1 billion in federal funding.
President Biden is set to visit Syracuse on Friday to highlight the benefits of this agreement and showcase its achievements. During his visit, he is expected to deliver remarks at 2 p.m. EDT. The video above provides more information on this announcement by the Biden administration. Copyright 2024 Nexstar Media Inc. All rights reserved. This content may not be published, broadcast, rewritten, or redistributed without permission.
This investment is a significant step towards strengthening the semiconductor industry in the United States and ensuring its competitiveness in the global market. With two new manufacturing hubs set to open soon, this agreement will create thousands of jobs and drive innovation in the industry for years to come
