Semiconductor giant would invest $100B to build a mega-complex here. 'This is incredible and transformative news for Central New York,' Schumer says.
in Clay, U.S. Sen. Charles Schumer and Gov. Kathy Hochul told syracuse.com | The Post-Standard.
The first project would employ 3,000 people in one $20 billion “mega-fab” that would begin production in the latter half of the decade, Mehrotra said. Site preparation would begin next year, with construction starting in 2024. The news is a huge win for the Syracuse area and New York, which competed with at least four other states including Texas to land the Micron plant. New York offered state and local incentives worth at least $6 billion over 20 years, the officials said.
Schumer, Hochul and Onondaga County Executive Ryan McMahon said they formed a bipartisan team that worked for almost two years trying to lure Micron to Central New York with a package of incentives and a relentless effort to showcase the region’s assets. Separately, New York state agreed to an incentive package that includes up to $5.5 billion in Excelsior tax credits over 20 years, Hochul said.
A Micron Technology, Inc. employee moves through a clean room at an existing fab facility in Boise, Idaho, Monday, Sept. 12, 2022. APFor New York, the deal boosts the state’s profile as an emerging tech hub for chip manufacturing, building on successes in the Capital Region at Global Foundries and at the Marcy Nanocenter near Utica that together employ more than 5,000 people.
Most of the openings are filled by college-educated and high-skilled workers, but about 20% of the jobs go to those without a college degree, according to the Semiconductor Industry Association. Only a few weeks ago, Schumer, Hochul and Mehrotra, Micron’s CEO, met in Albany in an attempt to close the deal.
The company will be able to draw on unprecedented state and federal incentives aimed at bringing semiconductor chip manufacturing back to the United States. Semiconductor manufacturers who apply for the federal incentives will be required to show the U.S. Commerce Department that they have already secured a site for their proposed plant with the backing of the state where they want to build.” to an undisclosed chip manufacturer to locate at the White Pine Commerce Park.specifically to lure chip fabricators to the state. Hochul signed the bill into law Aug. 11.
The state would require chip makers who receive the tax breaks to build “green” plants that limit their greenhouse gas emissions and expand employment opportunities for economically disadvantaged workers.
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