Micron and Qualcomm Lift Chipmakers Amid Rapid AI Growth

A bare wafer stacker sorts silicon wafers in Building 51 at Micron Technology Inc. headquarters in Boise, Idaho, US, on Monday, June 10, 2024. The US announced in April its 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.