Biden Awards Micron $6 Billion to Boost Chip Production in US

President Biden hailed the investment during a speech in Syracuse, New York, calling it “a big deal.”

President Joe Biden speaks about the roles of the CHIPS and Science Act and his Investing in America agenda in growing the economy and creating jobs, at the Milton J. Rubenstein Museum in Syracuse, N.Y., on April 25, 2024. Andrew Caballero-Reynolds/AFP via Getty Images

SYRACUSE, N.Y.—President Joe Biden traveled to upstate New York on April 25 to promote his administration’s efforts to bring chip manufacturing back to the United States.

He announced that Micron, a U.S. memory chipmaker, would receive $6.14 billion in federal grants through the CHIPS and Science Act, which he signed into law in 2022.