USA - Micron Technology ( http:// ) has received $5 million federal economic stimulus grant which will help it to pursue manufacturing of LED devices, reported Idaho, USA.
According to the report, the semiconductor manufactuer believes the venture could bring significant revenue and employment growth over the next few years.
The company and state officialis said the grant will allow the company to produce a pilot line of products in an attempt to transform the LED-manufacturing industry with its cutting-edge semiconductor manufacturing expertise.
The company is said to have been exploring the project over the past nine months. It already employs 30 people full-time and others part-time on the venture.
Idaho Gov. CL “Butch†Otter and Idaho Office of Energy Resources Administrator Paul Kjellander announced the news at the Idaho Innovation Summit at Boise State University. They signed a contract with Micron Vice President of Process R&D Scott DeBoer. DeBoer said the “timing is Quite good" for the company to enter the LED sector, which is expected to grow from $4 billion via last year to $12 billion in 2012.
According to the report, the semiconductor manufactuer believes the venture could bring significant revenue and employment growth over the next few years.
The company and state officialis said the grant will allow the company to produce a pilot line of products in an attempt to transform the LED-manufacturing industry with its cutting-edge semiconductor manufacturing expertise.
The company is said to have been exploring the project over the past nine months. It already employs 30 people full-time and others part-time on the venture.
Idaho Gov. CL “Butch†Otter and Idaho Office of Energy Resources Administrator Paul Kjellander announced the news at the Idaho Innovation Summit at Boise State University. They signed a contract with Micron Vice President of Process R&D Scott DeBoer. DeBoer said the “timing is Quite good" for the company to enter the LED sector, which is expected to grow from $4 billion via last year to $12 billion in 2012.
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