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)
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