secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001104659-24-049030
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000110465924049030/0001104659-24-049030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000110465924049030/tm2412269d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-049030

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