Micron Technology Receives $6.1 Billion in Grants Amid Memory Chip Shortage
Micron Technology Inc., the largest U.S.-based computer-memory chip maker, is set to receive a $6.1 billion grant from the Commerce Department for domestic factory projects. The memory chip shortage driven by AI demand has boosted Micron's revenue and stock price significantly.
Topics: AI_demand government_grants memory_chips semiconductors