Schumer Worked To Convince Micron To Invest In Upstate NY, And Passage Of Schumer’s CHIPS & Science Law Sealed The Deal For Micron To Invest In America And Select Syracuse Area To Make Largest Private Sector Investment Ever In New York, Creating Upwards of 50,000 Jobs
Schumer: First Concrete Pour Marks Concrete Progress Towards Bringing Micron In CNY To Life!
After years of work to rebuild semiconductor manufacturing in America through his CHIPS & Science Law, and working relentlessly to attract Micron to New York, U.S. Senator Chuck Schumer today celebrated Micron’s first concrete pour, which is happening ahead of schedule, laying the foundation for its first of four planned manufacturing plants at what will be the largest and most advanced memory chip facility in America. Schumer also applauded Micron’s decision to invest an additional $50 billion in the U.S., pledging to work with the company to steer as much of that new investment as possible to the company’s major New York project.
“Micron’s first concrete pour marks concrete progress towards bringing America’s largest semiconductor manufacturing facility to life right here in Central New York! Micron’s chips are in demand more than ever, and their Central New York project and the 50,000 jobs it’ll create put New York on the global map for advanced chip production,” said Senator Schumer. “Micron’s total $250 billion U.S. investment is transformative for manufacturing in America and New York. I delivered a $6.1 billion CHIPS grant and billions more in Investment Tax Credit assistance from my CHIPS & Science Law to make this historic project possible. Today, we celebrate a new chapter for American chip manufacturing with Upstate New York leading the way.”
Micron today at its “Concrete Progress” event, marking the first concrete pour laying the foundation for the first of four planned manufacturing plants, announced it will invest an additional $50 billion in the U.S., bringing its overall investment to $250 billion through 2035. Micron is also announcing up to $3 billion in new investment to develop the domestic semiconductor supply chain, including in New York. This comes after the company has already spent close to $700 million with local contractors and suppliers in the early site development work in Clay. The Central New York project, which is the largest private sector investment in New York history, will create upwards of 50,000 jobs across the supply chain in Upstate NY, including thousands of union construction jobs and 9,000 direct Micron jobs at the mega-fab site.
After Schumer successfully passed the bipartisan CHIPS & Science Law, which created the federal programs needed to spur semiconductor industry investment in America, Micron selected Central New York for its new advanced memory chip fab complex. Schumer’s CHIPS & Science Law delivered over $6.1 billion in funding for Micron, along with billions more in incentives through the federal semiconductor Investment Tax Credit, to help the U.S. grow its share of advanced memory manufacturing from less than 2% today to approximately 10% by 2035. This funding will support the construction of Micron’s first two fabs in Central NY and an expansion in Idaho to help meet soaring demand for the chips Micron makes.
Over the next few years, Micron plans to build a colossal complex of memory chip plants in Central New York, constructing up to four manufacturing plants at White Pine Commerce Park in Clay, NY. The company’s plans call for building a cleanroom space that will cover about 2.4 million square feet, the size of almost 40 football fields. Micron is one of the largest producers of semiconductors in the world and makes memory chips that are essential to the technology people use every day, from cellphones to cars, and to critical technologies like AI, as well as technologies that are used by our military.
Micron is one of several agreements in New York for federal CHIPS incentives funded by Schumer’s bipartisan CHIPS & Science Law that are spurring major private sector investment and bringing manufacturing back to America. Thanks to Schumer’s efforts and new investments spurred by his CHIPS & Science Law, Upstate NY has become a central hub for America’s semiconductor research and manufacturing. In addition to more than $1.5 billion in CHIPS funding for GlobalFoundries to construct a second, state-of-the-art fab and create a first-of-its-kind advanced chip packaging facility, GlobalFoundries was also recently awarded $375 million in CHIPS R&D funding to launch Quantum Technology Solutions, a new quantum business within GlobalFoundries that will position America at the forefront of technology innovation. IBM has finalized an agreement with the Commerce Department for $1 billion in federal CHIPS R&D funding, combined with an additional $1 billion in investment from IBM, to form a new entity to operate a secure 300mm quantum wafer fab at Albany NanoTech. Corning Incorporated has finalized a $32 million agreement to make a $315 million investment that would increase production at its Canton facility of specialized glass vital for the semiconductor industry. Edwards Vacuum is nearing completion of a new first-of-its-kind-in-the-country $300+ million dry pump manufacturing facility, supported by an $18 million CHIPS funding award. TTM Technologies, a printed circuit board manufacturer, just cut the ribbon on a new facility in Onondaga County, creating 400 good-paying jobs, made possible by $30 million in federal investment that Schumer delivered. Menlo Micro will invest $150 million to build its microchip switch manufacturing facility in Tompkins County, creating over 100 new, good-paying jobs.
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