"US Government to Award Micron Technology $6.1 Billion for Chip Plants in NY and Idaho"

The Biden administration has agreed to provide $6.1 billion in government support to Micron Technology for the production of advanced memory computer chips in New York and Idaho, with plans for four chip factories near Syracuse and a $15 billion memory chip plant in Boise. This funding comes from the 2022 CHIPS and Science Act, aiming to support the domestic semiconductor industry and reduce the risk of chip shortages. Senate Majority Leader Chuck Schumer sees this as a significant boost to the manufacturing sector and a move towards reviving the economy, while President Biden emphasizes the importance of computer chips in various applications and criticizes the previous administration's approach to boosting the sector and curbing China's access to chips.