Micron Receives $6.2 Billion in Chips Act Funding
The U.S. government will support Micron Technology America’s largest maker of memory chips. On Tuesday, the Biden administration announced the Commerce Department has awarded $6.165 billion to Micron via direct funding from the Chips and Science Act. Micron is a leader in the markets for DRAM, or dynamic random-access memory, which is used in desktop computers and servers, and for flash memory, which is found in smartphones and solid-state hard drives.