NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

President Biden Remarks On CHIPS And Science Investment Underway Shortly

US
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

US President Joe Biden is shortly due to deliver remarks from Syracuse, New York on a majorfunding allocation to Micron to develop semiconductor manufacturing plants in New York and Idaho. LIVESTREAM

  • Under the terms preliminary agreement, Micron would be eligible for USD$6.14 billion in direct grants and USD$7.5 billion in loans - the second-largest package awarded so-far from the 2022 CHIPS and Science Act.
  • Mark Weiner reports: "Micron President and CEO Sanjay Mehrotra, U.S. Senate Majority Leader Charles Schumer, Gov. Kathy Hochul and Onondaga County Executive Ryan McMahon are among hundreds of guests invited by the White House who will be on hand to meet with Biden."
  • Bloomberg reports: "Officials have allocated nearly 85% of the Chips Act manufacturing incentives, including [today's Micron allocation]. But they’re just beginning to open applications for R&D funding that some experts say could prove more critical in the long term."
  • Additional background to the remarks in earlier bullet.
151 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

US President Joe Biden is shortly due to deliver remarks from Syracuse, New York on a majorfunding allocation to Micron to develop semiconductor manufacturing plants in New York and Idaho. LIVESTREAM

  • Under the terms preliminary agreement, Micron would be eligible for USD$6.14 billion in direct grants and USD$7.5 billion in loans - the second-largest package awarded so-far from the 2022 CHIPS and Science Act.
  • Mark Weiner reports: "Micron President and CEO Sanjay Mehrotra, U.S. Senate Majority Leader Charles Schumer, Gov. Kathy Hochul and Onondaga County Executive Ryan McMahon are among hundreds of guests invited by the White House who will be on hand to meet with Biden."
  • Bloomberg reports: "Officials have allocated nearly 85% of the Chips Act manufacturing incentives, including [today's Micron allocation]. But they’re just beginning to open applications for R&D funding that some experts say could prove more critical in the long term."
  • Additional background to the remarks in earlier bullet.