SIA Applauds Announcement of CHIPS Act Incentives for Micron Projects
December 11, 2024 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer applauding the U.S. Department of Commerce and Micron for finalizing semiconductor manufacturing incentives for new projects in Boise, Idaho and Clay, New York, as well as announcing new incentives for Micron’s planned expansion in Manassas, Virginia.
The final incentives, part of the CHIPS and Science Act, solidify support for Micron’s memory chip production facilities in Idaho and New York. Additionally, the Commerce Department announced $275 million in preliminary incentives to expand Micron’s manufacturing facility in Manassas, Virginia, further accelerating semiconductor manufacturing capabilities in the U.S.
“These critical incentives underscore the transformative impact of the CHIPS and Science Act in driving domestic semiconductor production and innovation to ultimately enhance supply chain resilience and American competitiveness,” said Neuffer. “Memory is a technology critical to America’s economic future and national security, and Micron’s historic investments in producing memory chips in the U.S. will strengthen U.S. leadership for the long term. We commend Micron for its forward-looking investments in Idaho, New York, and Virginia, and we applaud the Department of Commerce for its steadfast commitment to strengthening America’s leadership in chip manufacturing. Together, these efforts will create high-paying American jobs, bolster U.S. national and economic security, and fuel innovation for years to come.”
The CHIPS Act has spurred significant investments across the domestic semiconductor industry, with more than 90 new projects announced in 28 U.S. states since its introduction, totaling hundreds of billions in private investments. These projects are expected to generate over 58,000 jobs directly within the semiconductor ecosystem and support hundreds of thousands of additional jobs throughout the U.S. economy.
The finalized incentives for Idaho and New York build upon a preliminary agreement announced in April 2024, while the new agreement for the Manassas expansion represents a pivotal step in advancing U.S. semiconductor manufacturing capacity.
Suggested Items
Accenture Acquires SYSTEMA to Drive Manufacturing Automation for Semiconductor Clients
07/02/2025 | AccentureAccenture has acquired SYSTEMA, a provider of software solutions and consulting services for manufacturing automation, headquartered in Dresden, Germany.
Geopolitical Tensions and US Export Restrictions Slightly Temper AI Server Shipment Growth in 2025
07/02/2025 | TrendForceTrendForce reports that major North American CSPs remain the primary drivers of AI server market growth. Steady demand is also being bolstered by tier-2 data centers and sovereign cloud projects in the Middle East and Europe.
Wolfspeed Stock Soars After Filing for Chapter 11 Bankruptcy
07/01/2025 | I-Connect007 Editorial TeamOn July 1, Wolfspeed shares doubled following the company’s announcement on June 30 that it had filed for Chapter 11 bankruptcy protection.
Mycronic’s Pattern Generators Makes Acquisition in South Korea
07/01/2025 | MycronicCowin DST’s main business is to provide systems for display panel repair, as well as laser based repair of display and semiconductor photomasks.
SEMI, TechSearch International Release 2025 Edition of Worldwide Semiconductor Assembly & Test Facility Database
07/01/2025 | SEMISEMI and TechSearch International announced the release of the 2025 edition of the Worldwide Semiconductor Assembly & Test Facility Database, the industry’s most comprehensive resource tracking global assembly and test sites operated by integrated device manufacturers (IDMs) and outsourced semiconductor assembly and test providers (OSATs).