Micron Technology to receive $13bn for chip factories

Summary: Micron Technology will receive over $13bn in government funding and loans to build memory chip factories in New York and Idaho under the 2022 Chips Act. Micron plans to invest up to $125bn in both states over the next two decades. The Biden administration aims for 20% of leading-edge chips to be made in the US by 2030. Micron's latest HBM3E memory chips are integrated with Nvidia's H200 GPUs.

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