Wall Street Mav|6月 01, 2026 19:00
The CEO of Micron Technology, Sanjay Mehrora, agreed to accept US taxpayer subsidies in order to build memory chip manufacturing plants in the USA.
Meanwhile, Micron is raising prices on those memory chips while accepting taxpayer funding to build the same chips. Industries like auto manufacturing are facing shortages that the subsidies were meant to avoid.
Sen Bernie Moreno is calling out this ridiculous situation and urging Micron to prioritize domestic demand for these essential components, which was the intended purpose of the taxpayer subsidies.(Wall Street Mav)
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