MU Forex News

US To Grant $6.1 Bln To Micron To Advance Chip Production

US To Grant $6.1 Bln To Micron To Advance Chip Production

The U.S. Commerce Department is preparing to fund $6.1 billion to US chip maker Micron Technology Inc. as part of the Government's plan to boost domestic semiconductor production, Bloomberg reported citing people familiar with the matter. The award is yet to get final approval, and will be revealed next week. In pre-market activity on the Nasdaq, Micron shares were gaining around 2 percent.
RTTNews | 33 days ago