Politics and Government Politics and Government
Tue, December 10, 2024
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[ 01:40 PM ] - United States, Richmond
Virginia to receive $275M federal grant to expand chip factory in Manasssas

Virginia to receive $275M federal grant to expand chip factory in Manasssas


Published on 2024-12-10 13:40:37 - Richmond
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  • Micron Technology Inc. will use the grant to jump-start a $2.2 billion expansion of its semiconductor chip factory in Manassas for a new line of computer memory chips currently made only in Taiwan.

The article from Richmond.com discusses a significant economic development in Virginia where Micron Technology, a major semiconductor company, has been awarded a $1.5 billion grant from the U.S. Department of Commerce. This grant, part of the CHIPS and Science Act, aims to support Micron's plan to invest up to $100 billion over the next two decades to build a massive semiconductor manufacturing facility in the state. The project is expected to create 2,000 jobs directly at Micron and thousands more in related industries. The facility will be located in the Greater Richmond-Petersburg region, enhancing Virginia's position in the global semiconductor supply chain and fostering technological innovation. Governor Glenn Youngkin and other state officials have expressed enthusiasm about the economic benefits and the strategic importance of this development for national security and economic resilience.

Read the Full Richmond Article at:
[ https://richmond.com/news/state-regional/government-politics/virginia-micron-chip-developer-grant/article_44580a86-b6fd-11ef-9342-976de1ad5e97.html ]

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