Manassas-based Micron, a semiconductor chip manufacturer, is expected to receive up to $275 million in federal funding to upgrade and expand its local facility.

Micron Technology received a grant of up to $6.165 billion grant from the federal CHIPS Act to manufacture semiconductors domestically.

The US Department of Commerce has awarded Micron Technology US$6.165 billion to expand memory chip production in New York and Idaho, creating 20,000 jobs. The chipmaker also secured US$275 million to modernize its Virginia facility,

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The U.S. Commerce Department said on Tuesday it had finalized a $6.165 billion government subsidy for Micron Technology to produce semiconductors in New York and Idaho.

The U.S. government will support Micron Technology, America’s largest maker of memory chips. On Tuesday, the Biden administration announced the Commerce Department has awarded $6.165 billion to Micron via direct funding from the Chips and Science Act.

The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for Micron Technology, marking one of the largest government awards to chip companies under the U.S. CHIPS and Science Act.

The US Commerce Department announced it has awarded memory chip maker Micron Technology with “up to $6.165 billion in direct funding” derived from the CHIPS Act. The new funding will go towards multiple semiconductor manufacturing projects in the US,