How many chips does $29 billion buy?

Micron Technology is getting $6.14 billion from the Biden administration to build microchip facilities in the U.S., becoming the fourth and final maker of leading-edge semiconductors to get government subsidies. On POLITICO Tech, Michael Schmidt, the director of the Commerce Department’s CHIPS Program Office, breaks down the deals and explains what comes next. Learn more about your ad choices. Visit megaphone.fm/adchoices