Micron (MU) has issued an update.
Micron Technology’s subsidiary has applied for U.S. federal grants to upgrade its Manassas, Virginia semiconductor facility, aiming to enhance production of DRAM products for sectors like defense and automotive. This move, supported by federal tax credits and Virginia state incentives, is integral to Micron’s strategy to expand supply to meet growing industry demand, and complements other funding requests for new facilities in Idaho and New York.
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