Timeline: August 2022 -- CHIPS and Science Act signed into law.
The CHIPS and Science Act, signed into law in August 2022, did not specifically name Micron Technology in the legislation itself, but the company was highlighted by President Joe Biden as a key beneficiary and example of the Act’s intended impact. Shortly after the bill was signed, Biden noted that Micron announced a 10-year, $40 billion investment in U.S. semiconductor manufacturing, which he attributed to the incentives provided by the law. The Act authorized $52.7 billion in funding to boost domestic semiconductor production, including grants and tax incentives that companies like Micron could leverage.
Micron later secured $6.1 billion in federal funding under the CHIPS Act to support the construction of new semiconductor fabrication plants in Boise, Idaho, and Syracuse, New York—projects described as the largest investment in memory manufacturing in U.S. history. The company also announced plans for a $100 billion investment over 20 years in its New York facility, citing the CHIPS Act as a critical factor in its decision to expand domestically.
- Brave::LEO:prompt: "did the CHIPS bill in August 2022 mention micron technology"
Timeline: Sept 9, 2022. Resident Biden's White House
The statement that Micron Technology was highlighted by President Joe Biden as a key beneficiary of the CHIPS and Science Act is supported by his public remarks. On September 9, 2022, in a speech on rebuilding American manufacturing, Biden stated:
"Since I signed the CHIPS and Science Act, it’s already started happening. The American company Micron announced it’s going to invest $40 billion in the next 10 years to build factories, special chips called 'memory chips' that store information on your smartphones."
This quote comes directly from the official White House transcript of President Biden’s remarks.
Timeline: May 2023 -- ASSHOE bans Micron, no reason given other than omnious unsourced 'cybersecurity' threats to their inflastructure.
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China bans Micron chips in key infrastructure over ‘national security’ risks
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Brave::Leo:Prompt: "Has there been any 3rd party independent auditors that have confirmed and enumerated the CAC's accusations?"
No, there have been no known third-party independent auditors that have confirmed or enumerated the specific cybersecurity accusations made by China's Cyberspace Administration (CAC) against Micron.
The CAC's May 2023 announcement stated that Micron's products posed "relatively serious potential network security issues" but did not provide any technical details, evidence, or a public report to substantiate its claims. The review process, its methodology, and the specific vulnerabilities found were not disclosed.
This lack of transparency has led to widespread skepticism. U.S. lawmakers and industry experts have characterized the ban as "economic coercion" and noted that China provided "without a shred of evidence" to support its decision. The absence of an independent, verifiable audit means the CAC's accusations remain unconfirmed by any external party.
Derp!
More Info
- Brave::Leo:Prompt:"China Bans Micron Chips cybersecurity reasons"
China banned the sale of Micron Technology's products to operators of its critical information infrastructure in May 2023, citing "serious network security risks" that posed hazards to China's information infrastructure and affected national security. The Cyberspace Administration of China (CAC) stated that a cybersecurity review found Micron's products had "relatively serious cybersecurity problems" and "serious network security risks," which could endanger the supply chain of China's critical information infrastructure. This decision, effective immediately, required operators in sectors like telecommunications, energy, finance, and transportation to cease purchasing Micron products.
Reason for Ban: The ban was based on a cybersecurity review conducted by the Network Security Review Office under the CAC, which concluded that Micron's products failed to pass the assessment due to "serious network security risks" and "relatively serious potential network security issues". The CAC stated the purpose was to prevent such problems from endangering national critical information infrastructure.
- Scope of Ban: The restriction applied specifically to "operators of critical information infrastructure" in China, including state-owned banks, telecom operators, and other entities deemed vital to national security and public interest. The ban effectively prohibited the sale of Micron's chips to these key sectors.
- Context and Reaction: The move was widely seen as a retaliatory measure against U.S. restrictions on Chinese access to advanced semiconductor technology and equipment, including actions against Chinese chipmakers like Yangtze Memory Technologies Corporation. The U.S. Department of Commerce strongly opposed the ban, calling it "without basis in fact" and inconsistent with Beijing's commitment to an open market. Micron stated it was evaluating the CAC's conclusion and assessing its next steps.
- Impact: The ban targeted a significant market for Micron, which accounted for approximately 11% of its total revenue in 2022. The decision was expected to benefit competitors like Samsung Electronics, SK Hynix, and China's own Yangtze Memory Technologies Corp. The investigation into Micron's products was initiated in late March 2023, and the ban was announced on May 21, 2023.
Timeline: Spring 2024
President Biden announced a preliminary agreement to provide up to $6.1 billion in federal grants to Micron Technology under the CHIPS and Science Act.
This funding, which some sources report as up to $6.14 billion, aims to support the construction of advanced semiconductor manufacturing facilities in the United States, particularly in upstate New York and Idaho.
The grant is expected to catalyze up to $125 billion in private investment from Micron by 2030 and help create over 20,000 direct jobs, with estimates suggesting more than 70,000 total jobs could be generated through related economic activity.
The initiative is part of a broader effort to strengthen domestic semiconductor production and reduce reliance on foreign supply chains.
NOTE: VOA (voice of america -- CIA propaganda intended for foreign states) article image shows the CEO of Micron with Biden.
“We're bringing advanced chip manufacturing back to America after 40 years,” Biden said Thursday.
- Biden announces preliminary deal with Micron for up to $6.14 bln in chip grants
- Biden grants $6 billion to Micron to boost chip production
Timeline: TODAY (Oct 17, 2025)
Why I'm even posting this 'article'
https://www.binance.com/es/feed/post/174674
These crypto systems are not backed buy anything. It is plain crazy to loan these crypto companies money from the housing market. It seems our leaders know how to take a bad situation and make it 10 times worse.
And to make matters worse, Russia Oil Decree is set to go into effect on Feb 1st. .
I heard Russia is expected to cut oil production by couple billion barrels, Saudi / OPEC refusing to increase production. Soon China and Russian will fail to accept the petrodollar. The petrodollar system plays a large part in maintaining the US dollar as a viable currency. The $31 trillion in debt is 130% of our GDP. Most countries fail economically when the debt to GDP ratio gets above 100%, we are long overdue.
I'm fairly certain the Evergrande Chinese collapse still looms in the background. It seems that all the pieces for an entire financial collapse falling in to place. This is the event that could usher in some hyperinflation, we can see oil prices skyrocket, food costs could get crazy expensive.
This scenario has been predicted and will be used to destroy the international banking system. The destruction of the Federal Reserve was part of Trump's plan to free us from these thieves. We see a bill in place to eliminate federal income tax that will play a part to ease the pain on the American people.
Buckle up patriots, its going to get dicey soon.
I'm gonna make some popcorn, smile and watch the fireworks, let it burn!
WWG1WGA!!!
Apple have ditched Russia, wheat exports cut off, plane flights, Russia Today gone. Shouldn't US govt be telling twitter to cut Putin like they did Trump? Why haven't they deplatformed the Russian Embassy for that tweet about Japan supporting a Nazi regime.
