Micron subsidiary applies for CHIPS Act grants to modernize Virginia DRAM facility

MICRON TECHNOLOGY INC

Micron Virginia Semiconductor Manufacturing LLC submitted full application to CHIPS Program Office for federal grants.
Project aims to modernize production of long-lifecycle DRAM at Manassas, VA, targeting defense, aerospace, auto, and industrial customers.
Grants, federal investment tax credits, and Virginia state incentives are required to proceed with the project.
This application is in addition to previously announced federal funding requests for Boise, ID and Clay, NY facilities.
Part of Micron's strategy to increase overall supply in line with industry demand growth.

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