The Biden administration has pushed to disburse money for semiconductor manufacturing under the Chips and Science Act before Donald Trump takes office.

The funding will support Micron’s $100+ billion public-private investment into a Syracuse-based semiconductor manufacturing campus over 20 years.

The CHIPS and Science Act funding will go toward financing Micron’s manufacturing facility in Clay, outside Syracuse, where 9,000 jobs are promised.

Funding to support development of memory vendor's $125B fab expansion in New York and Idaho American memory vendor Micron will receive $6.1 billion in CHIPS Act funding under a deal finalized by the US Commerce Department on Tuesday.

The funding will support Micron's long-term plan to invest around $100 billion in manufacturing in New York and $25 billion in Idaho