Micron to invest up to $100B for N.Y. microchip plant, Schumer says

New York — Micron, one of the world’s largest microchip makers, is expected to open a semiconductor plant in New York, promising an investment of up to $100 billion and a plant that could create 50,000 jobs in the state, it says the top Democrat in the Senate.

The announcement comes after Senate Majority Leader Chuck Schumer of New York pressured Micron and company CEO Sanjay Mehrota to consider upstate New York for their factory. It also comes months after Congress passed the $280 billion CHIPS and Science Act, which set aside $52 billion to boost the semiconductor industry.

Companies like Micron make the tiny chips that power everything from smartphones to computers to cars. The bill was intended to bolster US competitiveness against China and prevent another chip shortage like the one that derailed the auto and tech industries during the pandemic.

Schumer confirmed to the Associated Press that Micron plans to move its plant to White Pine Commerce Park in Clay, New York, near Syracuse, after speaking with company leaders.

“Chips are essential to our economy, and if we were to lose the ability to make chips here in the United States, it would be a serious risk to both economic security and national security,” Schumer said in an interview with the Associated Press. “This will be the most advanced memory chip manufacturing facility in the United States and probably in the world. And it’s located in a place that will really benefit from it.”

Leave a Comment