By Colin Kellaher


The federal government has finalized a grant of more than $6.1 billion to help Micron Technology build three chip-making facilities, as officials race to complete a significant portion of legislation aimed at boosting U.S. chip production before President-elect Donald Trump takes office.

Vice President Kamala Harris on Tuesday said the Commerce Department finalized the grant, which will fuel up to $125 billion in planned investments by Micron in New York and Idaho over two decades.

The funding is part of the Chips Act, a nearly $53 billion government effort passed in 2022 to jump-start domestic semiconductor production.

Trump has threatened to get rid of the Chips Act, and U.S. officials have been working to deliver billions of dollars in grants, including a recently finalized award of nearly $8 billion to Intel, before President Biden leaves office.

Micron, the only U.S.-based maker of memory chips, has said it plans to plans to build a "megafab," or a collection of massive chip-producing facilities, in Clay, N.Y. Micron also plans to build another fabrication facility, in Boise, Idaho, where it is based.

Harris on Tuesday said the Commerce Department and Micron also have agreed to preliminary terms for an additional $275 million investment to expand Micron's Manassas, Va., plant, where the company makes dynamic random-access memory, or DRAM, chips that are widely used in the defense, aerospace, automotive and industrial sectors.


-Asa Fitch and Ben Glickman contributed to this article.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

12-10-24 0658ET