Micron set to get $6 billion in chip grants from US, Bloomberg reports

FILE PHOTO: A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Micron Technology Inc is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday.

(Reporting by Kanjyik Ghosh; Editing by Shailesh Kuber)