Micron Plans Investment of Up to $100 Billion in New York Chip Factory
- Site near Syracuse, New York, will generate about 50,000 jobs
- US CHIPS and Science Act has spurred company investments
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Micron Technology Inc. said it plans to invest as much as $100 billion over the next 20 years to build a factory in upstate New York to boost US production of memory chips.
The announcement on Tuesday represents the largest private investment in New York state history, Boise, Idaho-based Micron said. The company said the first phase investment of $20 billion, in Clay, New York, is planned by the end of this decade and that it will be the largest semiconductor facility built in the US. The chips will supply mobile devices, data centers and electric vehicles.