Micron to spend up to $100 billion to build a computer chip factory in New York
Summary
The announcement comes after the passage of the CHIPS and Science Act of 2022, a federal law championed by Senate Majority Leader Chuck Schumer, D-N.Y., that allocates $52 billion to encourage more domestic semiconductor production. The risks in the U.S. reliance on foreign computer chip production became clear during the pandemic, as supply chain issues impacted a wide range of goods. Intel had said its plans to invest up to $100 billion in chip manufacturing in Ohio relied heavily on the federal legislation. The choice to put the factory in New York is a win for Schumer, who has led the chips investment push and advocated for his state to host new facilities. New Yorks Democratic governor, Kathy Hochul, also played a role, working to persuade Micron to bring its plant to Clay, a town near Syracuse, the Times reported.