Micron Expected to Get Over $6 Billion in Chip Grants, Bloomberg Reports
--Micron Technology is poised to get more than $6 billion in grants from the U.S. Commerce Department to help pay for factory projects, according to a report from Bloomberg, citing people familiar with the matter.
--The Commerce Department award isn't finalized yet and could be announced as soon as next week, the sources told Bloomberg.
--It isn't clear whether the chip maker plans to also accept loans available to it through the 2022 Chips and Science Act, the report said.
--Representatives for Micron, the Commerce Department and the White House declined to comment for Bloomberg's story.
Full article at https://www.bloomberg.com/news/articles/2024-04-17/micron-mu-to-get-over-6-billion-in-chips-act-grants-in-announcement-next-week
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 17, 2024 19:59 ET (23:59 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
4 Utility Stocks to Play the AI Data Center Boom
-
Albemarle Earnings: We Expect Improved Results In the Rest of Year Following Cyclically Low Profits
-
Novo Nordisk Earnings: Raised Fair Value Estimate Still a Contrast to Market Overenthusiasm
-
After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
How to Invest Like Warren Buffett
-
Cognizant Earnings: Improved Profitability Buttresses Results as Customer Spending Remains Muted
-
10 Top-Performing Dividend Stocks of the Month