The U.S. Department of Commerce announced a huge subsidy for Micron Technology

The U.S. Department of Commerce has provided Micron Technology with up to $6.165 billion in direct funding under the Chips and Science Act incentive program. This funding will support Micron Technology's capacity construction plans in New York and Idaho over the next 20 years. Micron Technology is one of the world's largest memory chip manufacturers, and this funding will help it increase its market share in advanced memory manufacturing.