The Biden administration has reached a preliminary agreement with Micron Technology, the latest in a series of investments through the bipartisan CHIPS and Science Act. The agreement includes up to $6.1 billion in federal funding to support the construction of two manufacturing hubs in New York and Idaho. The investment is expected to result in an investment by Micron of up to $125 billion over the next two decades, creating more than 70,000 jobs. This latest agreement underscores the Biden administration’s efforts to bolster domestic semiconductor chip manufacturing and reduce reliance on foreign supply chains.