Biden administration finalizes Micron's $6.1B subsidy for domestic semiconductor production
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The Biden administration has finalized a $6.1 billion subsidy for Micron Technology to boost domestic semiconductor production. This is part of the CHIPS and Science Act, which also includes significant awards to Intel and Taiwan Semiconductor Manufacturing Co.
December 10, 2024 | 4:30 pm
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Intel is set to receive a $7.86 billion award under the CHIPS and Science Act, supporting its semiconductor production efforts.
Intel's substantial award under the CHIPS Act will likely enhance its production capabilities and market position, positively impacting its stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Micron Technology has secured a $6.1 billion subsidy from the US government to expand its domestic semiconductor production capabilities.
The $6.1 billion subsidy is a significant financial boost for Micron, likely enhancing its production capacity and competitive position in the semiconductor industry.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co's US unit will receive a $6.6 billion award, supporting its semiconductor production in the US.
The $6.6 billion award will support TSMC's US operations, likely enhancing its production capacity and competitive edge in the semiconductor market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70