President Biden Announces $6 Billion Investment in Micron for Advanced Semiconductor Manufacturing 💡

Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.<br />On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .<br />Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .<br />This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.<br />Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.<br />Schumer referred to the plan as "quite a <br />great return" on the government's investment.<br />A factory will also be built in <br />Boise, Idaho, NPR reports. .<br />That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.<br />The White House estimates that <br />the projects could create 20,000 jobs <br />in construction and manufacturing.<br />in addition to "tens of thousands of <br />indirect jobs in the regions," NPR reports. .<br />The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung