Schumer Says US Will Give Micron $6.1 Billion to Build Plants in Idaho and New York

President Joe Biden (2nd L) looks at a 3D rendering of a future Micron factory presented by Micron Technology CEO Sanjay Mehrotra (L) during a tour of the Micron Pavilion at the SRC Arena and Events Center of Onondaga Community College in Syracuse, N.Y., on Oct. 27, 2022. Mandel Ngan /AFP via Getty Images

Micron Technology will get $6.1 billion in grants from the Department of Commerce to build advanced chip-manufacturing fabs in New York and Idaho, Senate Majority Leader Chuck Schumer (D-N.Y.) said on Wednesday.

The Biden administration has reached a preliminary agreement to provide Micron with $6.1 billion in funding from CHIPS and Science law—a legislation that was co-sponsored by Mr. Schumer.