Would ya look at that, Micron just hit the federal funding Powerball, scoring a nice $6.2 billion straight from the CHIPS and Science Act (if you listen closely, you can hear Intel executives punching massive swaths of air at this very second). That’s right, the Biden administration is basically doing what they never intended to do with Intel in the first place—payout. But hey, when you’re the only U.S. maker of high-bandwidth memory (HBM) chips—the stuff that fuels AI and makes ChatGPT sound less like Clippy—you’ve earned the golden ticket.

(Source: Giphy) 

In short, Micron’s getting this monster subsidy to help bankroll its $75 billion U.S. expansion marathon through the end of the decade. That includes a new factory in Idaho and at least two brand new plants in New York. The added benefit? 20,000 new American jobs are expected to come with it (somewhere, the LinkedIn algorithm is already frothing at the mouth). 

(Source: Bloomberg) 

Now in case you’re wondering why the government is showering Micron with cash like it’s a Vegas stripper, this massive action by the U.S. of A is all about onshoring. Translation: making sure America doesn’t have to text Taiwan at 2 a.m. when it runs out of chips. Simply put, these things are critical for everything from smartphones to AI servers to your cousin’s overpriced Tesla.

And because of that, Micron’s playing the long game here. They’ve committed $50 billion in capital expenditures as part of this expansion. Talk about doubling down—except instead of my obsession with BlackJack, it’s high-tech semiconductors with the stakes being U.S. economic and national security. 

(Source: Giphy) 

Meaning, this isn’t just about chips—it’s about chips with swagger. The high-bandwidth memory (HBM) Micron makes is the prom queen of semiconductors right now. It’s the go-to tech for AI servers, which are, in turn, the backbone of every “groundbreaking” AI product that’s basically just a glorified autocomplete. For this reason, Commerce Secretary Gina Raimondo is hyping this deal like it’s the sequel to The Social Network. “This investment safeguards our leadership on artificial intelligence and protects our economic and national security,” she said in a statement. Translation: China can kick rocks. 

(Source: Washington Post) 

What’s weird about all of this though is that Wall Street didn't exactly throw a ticker tape parade after the news. For example, Micron stock dipped 3.6% on Tuesday (down -1.45% the past five days), because apparently $6.2 billion isn’t enough to distract investors from crucial details like, you know, market realities. Still though, the stock’s up 23.94% this year, so no true yeeting of shares yet. .

In the end, the main story here is that Micron is cashing a $6.2 billion check from the U.S. government to build fab plants in Idaho and New York. And with that new fat stack, they’ll be playing a pivotal role in securing America’s semiconductor future and adding 20,000 jobs in the process. Meaning, while the market didn’t immediately respond the way investors thought, it’s still a seismic win for tech, AI, and anyone hoping to keep their PlayStation 5 stocked with chips.

(Source: Giphy) 

Now whether or not the ROI ends up looking like Subservience … Well, only time will tell. In the meantime though, filter this through a brain-cell and place your bets accordingly. And as always, stay safe and stay frosty friends! Until next time…

P.S. Welp, you friggin’ missed it. I told you it wouldn’t last forever, but hey… luckily for you, Stocks.News premium is still cheaper than a night out at the strip joint AND you may even get a bonus happy ending from it (read: EXPLOSIVE TRADE). Alright, alright, all jokes aside—Stocks.News premium is sitting at $20 a month. What does that cost you? Well, if you look at your monthly expenses… It's freakin’ miniscule. But unlike your monthly expenses, this $20 could get you a front row seat with the market’s most explosive trade setups BEFORE they make headlines. So again what does $20/m for Stocks.News cost you? Well considering we are averaging AT LEAST one triple digit winner a week, I’ll leave that up to you—but in the end, it may cost you way more than you think. Click here ASAP to get the full-platter of details you’ll get as an exclusive Stocks.News premium member. 

Stocks.News holds positions in Tesla and Intel as mentioned in the article.