---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-127174"
form_type: "8-K"
ticker: "MU"
cik: "0000723125"
company_name: "MICRON TECHNOLOGY INC"
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:21:59.973378+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-127174
- form_type: 8-K
- ticker: MU
- cik: 0000723125
- company_name: MICRON TECHNOLOGY INC
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723125/000110465924127174/0001104659-24-127174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723125/000110465924127174/tm2430615d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-127174
- JSON: https://secwatch.observer/filing/0001104659-24-127174.json
- Plain text: https://secwatch.observer/filing/0001104659-24-127174.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.