Semiconductor company Micron announced that it is committing to invest $100 billion to build a chip factory near Syracuse, N.Y. Micron described it as “the largest semiconductor manufacturing plant in U.S. history. The move comes as Micron looks to tap into the $280 billion CHIPS and Science Act funding passed by the Biden administration in August.
As part of the bill, President Joe Biden is setting aside $52 billion in funding to encourage chip companies to establish manufacturing sites in the U.S. and recently signed an executive order to get the money to semiconductor companies faster.
Micron’s new manufacturing center will consist of four separate plants on 1,300 acres in Clay, N.Y., just north of Syracuse, according to the New York Times and local media reports in Syracuse. The facility will create about 9,000 jobs over the next 20 years and will also bring 40,000 construction and supply chain jobs to the area. When construction is complete and production begins, Micron will need about 3,000 workers to start up its $20 billion “megafabric. Micron plans to begin construction in 2024 and production in 2025.
Micron also announced plans last month to build a $15 billion semiconductor plant in Idaho and said it would invest $40 billion in memory factories in the U.S. by 2023.” Micron CEO Sanjay Mehrotra said in a statement, “There is no question that without the CHIPS Act, we would not be where we are today.”
In addition to Micron, Intel has benefited from the Biden administration’s legislation, and it has broken ground on a $20 billion chip plant in Ohio. The company has also invested another $20 billion in a manufacturing center in Arizona.
