Micron receives $6.1B CHIPS Act funding for U.S. DRAM and HBM manufacturing in Idaho and New York

Micron Technology/U.S. DRAM Fabs (Idaho & New York)

Micron announced a $6.1 billion CHIPS and Science Act grant in April 2024 to support construction of new semiconductor fabs in Boise, Idaho and Clay, New York. The funding covers leading-edge DRAM and HBM production facilities as part of Micron's broader $250+ billion U.S. manufacturing investment through 2035.

• CHIPS Act award: $6.1 billion for Idaho and New York fabs.
• Supports leading-edge DRAM and HBM production.
• Part of $250+ billion total U.S. investment through 2035.
• Expected to create approximately 90,000 direct and indirect jobs.