Micron secures up to $6.44B in CHIPS grants for Idaho, New York, and Virginia fabs

MICRON TECHNOLOGY INC

Micron Idaho awarded $1.5B grant for Boise fab; Micron New York awarded $4.6B for two fabs in Clay, NY.
Additional $65M for workforce development; total CHIPS grants up to $6.44B including $275M Virginia PMT.
Funding tied to construction/tool installation milestones; restrictions on dividends/repurchases for 5 years.
Upside sharing payable if cumulative cash flow exceeds threshold at significant premium to baseline.
Company elected not to pursue previously disclosed government loans for these projects.

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