Governor Hochul Celebrates Biden Administration's $6.1 Billion Investment in Micron to Grow the Semiconductor … – Empire State Development
Announcement Builds on Governor Hochul’s Continued Commitment to Establish New York State as a Global Hub for Semiconductor Manufacturing and R&D
President Biden Announces Upstate New York as National Workforce Hub
Newly Enacted FY 2025 Budget Cements $500 Million in Additional Capital Investment at NY CREATES’ Albany NanoTech Complex to Jumpstart $10 Billion Partnership for Next-Generation Chips Research
Budget Includes $200 Million Investment to Support Four ON-RAMP Advanced Manufacturing Training Centers – Including Flagship in Central New York – to Prepare New Yorkers for Jobs of the Future
Traducción al español
Governor Kathy Hochul today celebrated the up to $6.1 billion investment by the Biden-Harris administration’s Department of Commerce in Micron Technology, which will be dramatically expanding its domestic memory chip manufacturing in the United States, and the announcement by President Biden that Upstate New York will be designated as a National Workforce Hub. Both federal and state incentives were essential to secure Micron’s $100 billion investment in the White Pine Industrial Park in the town of Clay in Onondaga County – one of the largest economic development projects in U.S. history. This federal funding through the CHIPS and Science Act builds upon $5.5 billion in performance-based Green CHIPS incentives provided by New York State that are directly tied to Micron creating 9,000 new direct jobs, investing $100 billion in New York State, and achieving the Green CHIPS community benefits package and sustainability standards for their Clay facility. In total, the project is expected to create nearly 50,000 jobs statewide, including an average of 5,600 construction jobs per year paying federal prevailing wage. When complete, the complex will include the nation’s largest clean room space at approximately 2.4 million square feet, grow domestic semiconductor manufacturing, and enhance our national security by expanding the United States’ chipmaking capacity. Additionally, Micron’s commitment to New York State builds on Governor Hochul’s successful efforts to establish New York State as a global hub for semiconductor research and manufacturing in the newly enacted FY 2025 Enacted Budget.
“As the first Governor from Upstate New York in more than a century, I knew we needed to revitalize the Upstate economy and transform New York State into a national leader in semiconductor manufacturing and research. The combination of federal funding and our Green CHIPS program is the formula for success,” Governor Hochul said. “I spent months advocating for Micron to come to New York and this megafab will be a game changer, setting the stage for regional transformation. This is just the beginning of what we’ll accomplish together, but none of it would be possible without the partnership of President Biden, Commerce Secretary Raimondo, New York’s congressional delegation, the New York State Legislature and our local stakeholders.”
Empire State Development President CEO and Commissioner Hope Knight said, “New York State is taking tangible steps to restore the semiconductor industry. Under Governor Hochul’s leadership we are paving the way for economic growth by ensuring that companies like Micron are growing in New York State in a way that promises real community benefits for the surrounding communities and ensures a clean and green manufacturing process. By partnering on both the federal and local levels we are seeing great progress for all New Yorkers that will pave a positive path forward for decades to come.”
Senate Majority Leader Charles Schumer said, “This monumental and historic federal investment will power Micron to bring to life its transformative $100+ billion microchip mega-fab project in Central New York, creating an estimated 50,000 good-paying jobs and rebuilding the Upstate New York economy one microchip at a time. This project is a rebirth, a dramatic turning point for Upstate New York, and will reverse decades of lost manufacturing jobs and make the region a global epicenter for cutting-edge microchip manufacturing. Central New York will be the beating heart of America’s most advanced memory chip production and the comeback of American manufacturing. Without the federal incentives funded by the CHIPS & Science Law I crafted and led to passage, Micron’s mammoth project would not be happening. I wrote the CHIPS & Science Law with Upstate New York – and investments like Micron’s – as my north star, and it is exciting and wonderful that this vision is becoming a reality.”
Senator Kirsten Gillibrand said, “This funding will be transformative for Syracuse, helping to create tens of thousands of good-paying jobs and strengthening Central New York’s reputation as a global leader in semiconductor manufacturing. I fought to pass the CHIPS and Science law to make this funding possible, and I was proud to advocate to the Biden administration to make sure that Central New York would reap the benefits of this transformative legislation. I’m thrilled that President Biden is able to visit Syracuse to see Micron in action, and I look forward to working closely with him to bring even more investment and opportunity to New York.”
Today’s announcement complements the ongoing partnership between Micron and New York State that was forged in October 2022 when Micron chose Central New York for its megafab. Governor Hochul has worked closely with local, state and federal partners to prepare for Micron’s arrival and make continued investments in the community.
Read the full press release here.
This page is available in other languages