Micron Seals Labor Deal for $15 Billion Chip Plant (1)

Micron Technology Inc. has struck a union deal for construction of a $15 billion chipmaking facility, potentially giving the company an advantage in the fierce competition for federal funds.

The accord for the Boise, Idaho, plant is a rare example of an organized labor agreement in the country’s semiconductor industry, which Washington is trying to rebuild with subsidies worth $100 billion under last year’s Chips Act.

The Commerce Department, which plans to announce the first awards by the end of the year, has expressed a strong preference for applicants that have reached construction accords with unions known as project labor ...