Massive semiconductor chip plant coming to Syracuse area
(WRVO) - The economy of central New York, and much of upstate, will be transformed following the announcement Tuesday that tech company Micron will make a $100 billion investment to build several state-of-the-art semiconductor fabrication plants in the Syracuse area.
Today brings another massive investment in America thanks to my economic plan.— President Biden (@POTUS) October 4, 2022
Micron will invest $20 billion – and up to $100 billion over 20 years – in American chips manufacturing, creating countless good-paying jobs.
We're lowering costs and making it right here at home.
"Something so transformative in scale and possibility that the economic future of New York is beyond imagination,” said Hochul.
Micron has been in the running as a possible tenant for the White Pine site in Clay for a while now. That competition ramped up following passage this summer of the CHIPs and Science Act, which offered massive incentives to companies that want to produce computer chips in the U.S. Micron CEO Sanjay Mehrotra said central New York won out for a number of reasons. "The diverse talent pool here, the university, the education system,” said Mehrota. “The reliable clean water and power, alignment with Micron’s sustainability goals, and of course, the support here from the state as well. All of these factors. And this region has a history of semiconductor research and manufacturing." Onondaga County Executive Ryan McMahon has been pushing for a deal like this at White Pine for years, touting the 50,000 jobs that come with it. "It’s everything, from the psyche of the community, to the tangible reality that we’ll have every local trade working on building this project,” said McMahon. “We’ll have opportunities for the underemployed to get jobs they need, to recruit and train the engineers of tomorrow." Site preparation starts next year with construction to begin in 2024. CenterState CEO President Rob Simpson said this a project will change central New York for generations to come. “When I was a kid growing up in upstate New York, I was told I had to leave to get a good job. My son, he may leave central New York, but it’s gonna be his choice. It’s not because anyone tells him he has to, because he will not have to." New York offered a $5.5 billion incentive package to Micron, one of the largest offered by any state. Onondaga County is also contributing $25 million to the project. Copyright 2022 WRVO.