Over $6 billion in CHIPS Act funding finalized for Micron plants in the US

Illustration by Alex Castro / The Verge The US Commerce Department announced it has awarded memory chip maker Micron Technology with “up to $6.165 billion in direct funding” derived from the CHIPS Act.The new funding will go towards multiple semiconductor manufacturing projects in the US, including an Idaho plant and a Syracuse, New York “mega-fab” facility, both announced in 2022. Between them, the Commerce Department says they’ll create about 20,000 jobs.The grant