Micron said on April 17, 2024 that its subsidiary, Micron Virginia Semiconductor Manufacturing LLC, submitted a full application to the U.S. Department of Commerce's CHIPS Program Office in response to the Notice of Funding Opportunity under the U.S. CHIPS and Science Act of 2022.

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   Micron said on April 17, 2024 that its subsidiary, Micron Virginia Semiconductor Manufacturing LLC, submitted a full application to the U.S. Department of Commerce's CHIPS Program Office in response to the Notice of Funding Opportunity under the U.S. CHIPS and Science Act of 2022.

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   The company said the application requests federal grants to modernize production of long-lifecycle DRAM products at its existing Manassas, Virginia manufacturing facility, primarily to address future demand from defense, aerospace, automotive and industrial customers.

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   The company said the grants, combined with federal investment tax credits and Virginia state incentives, are necessary to proceed with the project.

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   Micron said the Virginia application is in addition to previously announced applications for federal funding to build leading-edge manufacturing facilities in Boise, Idaho, and Clay, New York. The company said the U.S. projects for which it is seeking federal funding are part of its strategy to increase overall supply in line with industry demand growth.

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