Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
President Biden signs historic legislation securing billions in US aid for Ukraine and Israel, reaffirming America's commitment to global security. Despite criticisms over human rights abuses in Gaza, Biden emphasizes the 'ironclad' nature of US support for Israel's defense. Stay informed with the latest developments on international affairs.
#JoeBiden #Israel #Gaza #IsraelHamasWar #IsraelPalestine #IsraelPalestineWar #USPresident #USNews #USAidBill #RussiaUkraineWar #Oneindia
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Rishi Sunak visits Germany, the day after announcing in Poland that the UK will spend 2.5% of GDP on defence by 2030. The prime minister assures officers of the pride and gratitude shared by allies who are all excited to work alongside them. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak visits Germany, the day after announcing in Poland that the UK will spend 2.5% of GDP on defence by 2030. The prime minister is welcomed with military honours by Chancellor Olaf Scholz in the country's capital. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak has arrived in Berlin where he is set to meet German Chancellor Olaf Scholz for talks on Wednesday. The topics of the meeting at the Chancellery will include mutual relations, the Russian war against Ukraine and the situation in the Middle East. It comes as Rishi Sunak met in Warsaw, Poland, on Tuesday with Prime Minister Donald Tusk and Nato Secretary General Jens Stoltenberg to discuss security.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Rishi Sunak has hailed the UK's relationship with Poland, telling his Polish counterpart Donald Tusk they were 'allies for the long term'. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rishi Sunak and Defence Secretary Grant Shapps have visited the Warsaw Armoured Brigade where they met British soldiers - including one of the prime minister's own constituents. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
As soldiers wait for more ammunition and air defence support from international allies, a drone team arrives at a dugout near the eastern town of Bakhmut.
Credit: euronews (in English) Duration: 02:00Published
Defence Minister James Cartlidge says that supplying munitions to Ukraine has depleted the UK’s stockpiles as he outlines the reasons for an increase in defence spending. His comments come after Rishi Sunak’s new pledge that the UK will spend 2.5% of its gross domestic product (GDP) on defence by the end of the decade, amounting to 75 billion pounds. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Negotiators from Ukraine and Russia met in Turkey to resume talks on a ceasefire and eventual settlement to the conflict. While early reports suggest progress was made, US Secretary of State Blinken..
Trump's base is starting to get excited - Zelensky is prepared to agree to most of Russia's demands, peace talks today - VIOLENT Video footage of Ukrainian soldiers committing War..
REPLAY: Joe Biden visits US troops in Poland, close to the Ukrainian border
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