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Biden's Big Deal: $6.14 Billion for New Chip Factories

Chip Factories

President Joe Biden has made a significant agreement with Micron Technology to build two new chip factories in New York and Idaho, investing $6.14 billion. This investment is part of Micron's larger $100 billion plan to enhance chip manufacturing in the U.S. The new factories will create over 20,000 jobs, increase U.S. chip production, and improve national security.


The U.S. Commerce Department supports this deal, which aligns with the goals of the 2022 CHIPS and Science Act to depend less on foreign-made chips.


Micron intends to invest $100 billion in New York, creating 13,500 jobs, and $25 billion in Idaho, adding another 6,500 jobs. During his visit to Syracuse, President Biden will discuss how these efforts help strengthen American manufacturing and contribute to national security.


This trip also ties into his re-election efforts. Additionally, the plan involves funding for training programs and the establishment of training centers across various states. Micron is committed to providing affordable childcare and upholding the rights of its workers to organize and negotiate collectively.

FAQs

Q1. What is the new deal between President Biden and Micron Technology about chip factories?

President Biden has announced a significant deal with Micron Technology, which includes investing $6.14 billion to build two new chip factories in New York and Idaho, enhancing U.S. chip production capabilities.


Q2. How many jobs will the new chip factories create?

The new chip factories are expected to create over 20,000 jobs, with 13,500 jobs in New York and 6,500 in Idaho.


Q3. What additional benefits are included in the chip factories deal for Micron employees?

As part of the chip factories deal, Micron commits to offering affordable childcare to its employees and supporting their rights to organize and engage in collective bargaining.


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