--Micron Technology is poised to get more than $6 billion in grants from the U.S. Commerce Department to help pay for factory projects, according to a report from Bloomberg, citing people familiar with the matter.

--The Commerce Department award isn't finalized yet and could be announced as soon as next week, the sources told Bloomberg.

--It isn't clear whether the chip maker plans to also accept loans available to it through the 2022 Chips and Science Act, the report said.

--Representatives for Micron, the Commerce Department and the White House declined to comment for Bloomberg's story.


Full article at https://www.bloomberg.com/news/articles/2024-04-17/micron-mu-to-get-over-6-billion-in-chips-act-grants-in-announcement-next-week


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

04-17-24 1959ET