Micron Secures Billions in Federal Funding for Major Chip Plant Expansions
Micron Technology has secured $4.6 billion in federal grants to build a semiconductor manufacturing plant in Clay, New York. The project involves significant environmental changes, including the destruction of over 200 acres of wetlands and filling in more than a mile of stream banks. Before construction begins in November 2025, Micron must obtain numerous permits and approvals from local and federal agencies.