May 18, 2024
Loans

Micron Clinches Total of up to $13.6 Billion in US Grants, Loans

(Bloomberg) — The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Most Read from Bloomberg Micron has pledged to invest about $125 billion

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Finance

SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) for use in generative AI chipsets. The world’s second-biggest memory chipmaker

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