U.S. Feds set to provide $6.1B to Micron for chip plants
By Josh Boak, The American Press, Washington (AP)
Electronics Semiconductors Supply Chain chips fab ICs memory Micron plant semiconductor U.S.Semi player to produce advanced memory computer chips in New York and Idaho
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, D-N.Y., personally courted Micron to build what would ultimately be a set of four chip factories in Syracuse — and noted in a Wednesday interview that the announcement was a sign to voters about how Democrats were reviving the manufacturing sector.
”It will be the biggest memory chip plant in America,” said Schumer. “For the Syracuse area, this is the best thing that’s happened probably since the Erie Canal.”
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.
Micron’s HBM3E 8-high and 12-high HBM3E memory further fuel AI innovation at 30% lower power consumption than competition. Micron 8-high 24GB will ship with NVIDIA H200 tensor Core GPUs in CQ2, 2024. Micron 12-high 36GB samples are now available. Source: Micron Technology
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. Micron has also announced plans for a $15 billion memory chip plant in its hometown of Boise, Idaho.
The funding comes from the 2022 CHIPS and Science Act, which is set to provide government support for new and expanded facilities being developed by Intel, TSMC, Samsung and Global Foundries, among other chip companies.
Biden official insisted on anonymity
The law included $52 billion to support the domestic semiconductor industry, reducing the risk that the chip shortages experienced amid the pandemic could hurt the U.S. economy and national security. The Democratic administration has set a goal for 20% of the world’s advanced chips to be made in the United States and has restricted the flow of chips into China.
A senior Biden administration official, insisting on anonymity to discuss the deal before its official announcement, confirmed the agreement with Micron.
