US finalizes $6.6 billion chips award for TSMC ahead of Trump return [Yahoo! Finance Canada]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance Canada
The binding contract - after a preliminary agreement announced in April - is the first major award to be completed under the $52.7 billion program created in 2022. It comes just weeks before President-elect Donald Trump, who criticized the program, takes office. In April, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030. The Taiwanese company will produce the world's most advanced 2 nanometer technology at its second Arizona fab expected to begin production in 2028. TSMC also agreed to use its most advanced chip manufacturing technology called "A16" in Arizona. "When we started this there were a lot of naysayers who said maybe TSMC will do 5 or 6 nanometer in the United States," Commerce Secretary Gina Raimondo said in an interview. "Actually they are doing their most sophisticated chips in the United States." The TSMC award also includes up to $5 billion in low-cost government loans. Under the agreement, TSMC
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MU
Earnings
- 9/25/24 - Beat
MU
Sec Filings
- 10/30/24 - Form 8-K
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- MU's page on the SEC website