Micron Technology (MU) stock rises on report of over $6 bln in CHIPS Act grants
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Citi Out Defending Micron Technology (MU): 'We would buy the stock on any weakness'
April 18, 2024 4:14 PM EDTCiti analyst Christopher Danely reiterated a Buy rating and $150.00 price target on Micron Technology (NASDAQ: MU)
The analyst comments "We believe Micron is trading down today on TSMC negative comments on traditional servers and handsets combined with CHIPS act grants... More
Morgan Stanley Out Positive on Top Pick TSM (2330:TT) (TSM): 'We believe TSMC will pass through additional costs to customers'
April 18, 2024 9:58 AM EDTMorgan Stanley analyst Charlie Chan reiterated an Overweight rating and NT$860.00 price target on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM).
The analyst comments "We believe TSMC will pass through additional costs to customers, given its value added offering of global manufacturing... More
Micron Technology (MU) stock rises on report of over $6 bln in CHIPS Act grants
April 17, 2024 9:00 PM EDT(Updated - April 18, 2024 6:28 AM EDT)
Investing.com-- Shares of Micron Technology Inc (NASDAQ: MU) are rising premarket on Thursday after Bloomberg reported the memory chip maker is set to receive over $6 billion in U.S. government grants by as soon as next week under the 2022 CHIPS and Science Act.
The grants are not finalized yet, but will potentially see Micron build more domestic factories, as part of a broader government effort to bring semiconductor production back on to U.S. soil, the Bloomberg report said.
Micron shares have... More
Micron set to get $6.1 billion in chip grants from US
April 17, 2024 7:30 PM EDT(Reuters) -Memory chip maker Micron Technology is set to receive $6.1 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Democratic U.S. Senate Majority Leader Chuck Schumer said on Thursday.
The award, which is not yet finalized, will fund chipmaking facilities in New York and Idaho from the CHIPS & Science law, the New York senator said in a statement.
This monumental and historic federal investment will power and propel Micron to bring its transformative $100+... More
Micron Technology (MU) Poised To Get Over $6 bln In Chips Act Grants Next Week - Bloomberg
April 17, 2024 7:16 PM EDTMicron Poised To Get Over $6bln In Chips Act Grants Next Week - Bloomberg
... More