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.”
The company plans to invest $100 billion over the next 20 years, with the first $20 billion investment planned for the end of the decade, Schumer said. The deal is also expected to create more than 9,000 Micron jobs, and officials believe it could also create about 40,000 other ancillary jobs in the region, from suppliers to contractors, Schumer said.
After signing the $280 billion bill into law last month, President Joe Biden touted the investment in New York as proof that it was working.
“Today is another victory for America and another massive new investment in America fueled by my economic plan,” Biden said. “Micron, an American company, is investing $20 billion this decade and up to $100 billion over twenty years to manufacture CHIPS in upstate New York, creating tens of thousands of good-paying jobs. Together, we are building a bottom-up, middle-out economy where we cut costs for our families and do it right here in America.”
Headquartered in Boise, Idaho, Micron has several chip manufacturing plants around the world, including in Singapore and Taiwan. The company announced in September that would invest $15 billion through the end of the decade at a new semiconductor plant in his hometown of Boise that the chipmaker says will create 17,000 American jobs.
“This is like a 21st century Erie Canal,” Schumer said of the New York plant. “And just like the original Erie Canal did centuries ago, this will help cement the growth of our economy for decades to come, not just in upstate New York, but across the country, because these chips are so vital. for many of our cutting operations. cutting-edge industries.
Zeke Miller in Washington contributed.