"Micron" prepares for $ 6 billion from the allocation of US chips

‘Micron Technology’, the largest US business that manufactures computer memory chips, is preparing to acquire more than $ 6 billion in the form of the US Ministry of Trade to help finance the projects of local factories, as part of the efforts to regain semiconductors to the US area. According to people who are familiar with the matter, the award can be announced, which will be discussed next week. It is unclear whether the company also intends to accept the loans offered by the Chips and Science Law for the year 2022, as well as direct grants. Micron, based in boys, Idaho, builds factories in New York and its original condition. After the initial agreement has been announced, the company will enter months from the stage of negative investigation of ignorance and then get the money on slides related to specific criteria for the project. Representatives of “Micron”, the Ministry of Trade and the White House refused to comment. Grants and guarantees for stimulus motivation granted the Chips Law $ 39 billion for direct grants, as well as loans and loan guarantees worth $ 75 billion, to stimulate the US disk industry after decades of production of production to Asia. The officials of six preliminary awards have so far unveiled, including three for companies that produce semiconductors of the oldest generation, in addition to billions of dollars in the Intel, Taiwan Simal enterprises and Samsung for South Korean electronics. Trade Minister Jenna Raymondo said the ministry intended to spend about $ 28 billion in awards to leading projects. Biden is awarding ‘Intel’ $ 10 billion to repair the dominance of discs and ‘micron’ promised to build up to four factories in the state of New York, as well as one factory in Idaho. But these plans “require Micron to get a mix of adequate chips, investment tax releases and local incentives to address the cost difference compared to external expansion,” CEO Sanjay Mehrotra said last month. The company also continues to implement projects in China, India and Japan. An important industry said “Raymondo” that its ministry will give preference to the financing projects that start production by the end of the contract. The company said in a recent federal file that two of the four “Micron” websites in New York are on track to meet this standard, while the other two websites will only work in 2041. This means that the award that “Micron” will receive is likely to support only the first two facilities in New York, according to people who know the case earlier. America gives ‘Founders’ $ 1.5 billion to improve slides production. Computer memory and storage cards are an important part of all industries that start from smartphones to the largest data centers as it stores information and helps to process advanced logical information. These chips are mainly produced in Asia. The biggest competitors of “Micron” are “Samsung” and “Sk Hynix Inc”, most production. These businesses also plan to build factories in the United States – for logical discs and advanced mobilization – as part of a large wave of more than $ 200 billion to private semiconductors investments, which were motivated by the disk law.