United States Senate Democrats
10/04/2022 | Press release | Distributed by Public on 10/04/2022 11:48
Majority Leader Schumer Helps Central New York Land Micron’s Historic $100 Billion Megafab Investment – Project Direct Result of Passage of CHIPS & Science Act And Is Largest[...]
Majority Leader Schumer Helps Central New York Land Micron's Historic $100 Billion Megafab Investment - Project Direct Result of Passage of CHIPS & Science Act And Is Largest Private Sector Investment In New York State History
October 4, 2022Syracuse, NY - Senate Majority Leader Chuck Schumer, after more than three years of behind the scenes work and writing and shepherding the CHIPS + Science Act through Congress, in a statement today heralded the transformative announcement by U.S.-based Micron Technology, Inc. that it has committed to invest $100 billion over the next 20 years in Central New York to build new memory chip Megafab.
"After years of work, it's official -Micron is coming to Central New York! With the passage of the CHIPS and Science bill I wrote and championed, the investments we are making are already paying off," Senate Majority Leader Chuck Schumer said. "Micron's $100 billion investment in Upstate New York will fundamentally transform the region and power America's growth into the 21st century and beyond. The Megafab will cement Upstate New York's place as a global hub for manufacturing and create tens of thousands of good-paying high-tech and construction jobs."
This announcement by Micron is the culmination of a years-long legislative and personal lobbying effort by Majority Leader Schumer to attract more semiconductor manufacturing back onshore to the United States and Upstate New York. The CHIPS and Science Act alongside New York State incentives was the one-two punch Upstate New York needed to land this historic investment and create thousands of good-paying jobs in an industry that will dominate the 21st century.
"Today's announcement is the result of my long fight to bring manufacturing back to Upstate New York. The bottom line is that without the CHIPS and Science legislation, Micron would have decided to build its Megafab overseas," said Majority Leader Schumer.
In 2019, Senator Schumer and Indiana Republican Senator Todd Young introduced the Endless Frontier Act which was the single largest government investment in research and development of new technologies and high-tech manufacturing since the end of the Cold War. In 2021, shortly after becoming Majority Leader, Senator Schumer directed key Senate Committees to begin work on legislation and set the Senate on a path that led to the passage this summer of the CHIPS and Science Act which included $52 billion in federal government incentives to bolster American investment in semiconductor manufacturing.
At home in New York, in May 2021, Majority Leader Schumer met with Micron Technology President and CEO, Sanjay Mehrotra, to pitch Micron to locate its future Megafab plant in Upstate New York. During the meeting, Senator Schumer said New York boasts several sites across Upstate ready to be home to a new Micron facility.
Micron, a U.S.-based memory and storage manufacturer and the fourth-largest producer of semiconductors in the world, will invest up to $100 billion over the next 20-plus years to construct the project, with the first phase investment of $20 billion planned by the end of this decade, creating nearly 50,000 jobs statewide - 9,000 new high-paying Micron jobs with an average annual salary of over $100,000 and over 40,000 community jobs - and create thousands and thousands of prevailing wage construction jobs. When complete, the complex will include the nation's largest clean room space at approximately 2.4 million square feet, the size of nearly 40 football fields.
"This is our Erie Canal moment. Just as the original Erie Canal did centuries ago, this 21st Century Erie Canal will flow through the heart of Central New York and keep America the leader in the global economy for generations to come," boasted Sen. Schumer. "Micron's investment will make supply 'Made in New York' microchips to everything from electric vehicles, 5G, and defense technology to personal computers and smartphones. This investment leaves no question that the future of microchip manufacturing will remain in the United States with Central New York as a global center of the chip industry."
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