This morning, headlines are heralding the good news of yet another big win for the American people thanks in large part to President Biden and Democrats’ leadership in delivering the CHIPS and Science Act. Micron announced an investment of up to $100 billion over 20 years in chips manufacturing in upstate New York, which is expected to create tens of thousands of good-paying jobs over the next two decades.
“‘Today is another win for America, and another massive new investment in America spurred by my economic plan,’ Biden said. ‘Micron, an American company, is investing $20 billion dollars this decade and up to $100 billion over 20 years in chips manufacturing in Upstate New York, creating tens of thousands of good paying jobs.’”
Associated Press: Micron to bring microchip plant to upstate New York
“‘Chips are essential to our economy, and if we were to lose the ability to manufacture chips here in the United States, it would be a severe, both economic security and national security risk,’ 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 the world. And, and it’s located in a place that will really benefit from it.’”
“The government leaders who were involved in the negotiations have high expectations for the project, primarily the creation of 45,000 jobs based in Central New York. […] The efforts to attract technology companies were bolstered when both the state and federal governments signed individual legislation offering public support and tax incentives to build computer chips.”
“The commitment by Micron is a sign that the federal government’s prodding and package of generous incentives is helping to steer investment decisions. Legislation that passed in August, the CHIPS and Science Act of 2022, provides $52 billion in grants and subsidies for companies to build and expand computer chip factories in the country. There is no doubt that without the CHIPS act, we would not be here today,’ said Sanjay Mehrotra, chief executive of Micron.”
“In August, President Joe Biden signed a $280 billion package called the CHIPS Act, which includes $52 billion to boost domestic semiconductor manufacturing. Mehrotra praised Schumer and Biden for passing the CHIPS act, as well as Gov. Kathy Hochul and Onondaga County Executive Ryan McMahon for arranging state and local partnerships.
Spectrum News 1: Spectrum News 1: White Pine to Be Site of New Chip Plant
“…Micron Technology Inc. will be building a new chip plan in central New York. It’s part of a $100 billion investment in the region that will span twenty years. The company expecting at least nine thousand employees at the facility, amid forty-thousand ripple effect jobs from contractors, suppliers, and more.”
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