Wednesday, February 1, 2023
Home NEW Schumer: Micron to bring microchip plant to upstate New York

Schumer: Micron to bring microchip plant to upstate New York

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

The announcement comes after Senate Majority Leader Charles Schumer, of New York, had pushed Micron and the company’s CEO, Sanjay Mehrota, to consider upstate New York for its factory. It also comes months after Congress passed the $280 billion CHIPS and Science Act, which set aside $52 billion to bolster the semiconductor industry.

Companies like Micron manufacture the diminutive chips that power everything from smartphones to computers to automobiles. The bill was aimed at bolstering U.S. competitiveness against China and avoiding 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 bring its plant to the White Pine Commerce Park in Clay, New York, near Syracuse, after speaking with the company’s leaders.

“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 company plans to invest $100 billion over the next 20 years, with the first investment of $20 billion planned by the end of the decade, Schumer said. The deal is also expected to bring more than 9,000 jobs to Micron and officials believe it could also bring close to 40,000 other ancillary jobs to the region, from suppliers to contractors, Schumer said.

“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 twenty years in CHIPS manufacturing in upstate New York, creating tens of thousands of good paying jobs. Together, we are building an economy from the bottom up and the middle out, where we lower costs for our families and make it right here in America.”

Micron – based in Boise, Idaho – has several chip manufacturing plants around the world, including in Singapore and Taiwan. The company announced in September that it would invest $15 billion though the end of the decade on a new semiconductor plant in its hometown of Boise that the chipmaker said will create 17,000 American jobs.

“This is like a 21st century Erie Canal,” Schumer said of the New York plant. “And just as the original Erie Canal did centuries ago, this will help cement the growth of our economy for decades to come, not only in upstate New York, but in the country, since these chips are so vital to so many of our cutting edge industries.”

source: SFGate

RELATED ARTICLES

Moment Davido Collected A Drink From Chioma At Israel DMW’s Wedding Got People Talking

<!-- Moment Davido Collected A Drink From Chioma At Israel DMW’s Wedding Got People Talking...

Russian security forces thwarted a terrorist attack in the Stavropol Territory

Russia’s Federal Security Service (FSB, for its Russian acronym) reported today that it had thwarted a terrorist attack in Russia’s Stavropol Territory prepared by...

Kingdom Wars Mod Apk v2.0.2 Unlimited Gold Diamond Terbaru

Afmar.Co.Id – Hello, What’s up bro and mbak bro. Yesterday I reviewed how “Omega Legends“. This time I will review an article about “Kingdom...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Advantages of business trip massage

xn--hz2b17kttdbub47a07t.com is practice of massage therapy is an alternative therapy that is quickly gaining popularity. In recent years, the...

Best Sports Toto

Totowiki is formed by a fixed refund rate method and a fixed dividend rate method. The method of fixed refund rate is called 'Toto',...

Uses of Digital Pressure Regulator

In a short time, these regulators have become very popular. They provide flexibility, robustness and have the capability to handle high pressure electronically. Before...

part-time job night part-time job

Chipmakers are beginning to target job cuts and other adjustments, including reducing factory hours to cope with the economic downturn, chief executive...

Recent Comments