Saturday, December 21, 2024

Micron Will Invest $100 Billion to Establish Leading-Edge Memory Fab in Central NY

Creating more than 9,000 good-paying company jobs and, thanks to the Green CHIPS Community Investment Fund, $500 million in community and workforce development investments, Micron is bringing transformative growth to New York State.

Micron Technology, Inc., the world’s fourth-largest semiconductor company — and the only memory and storage manufacturer in the United States — will invest $100 billion to build the largest semiconductor fabrication facility in the history of the United States in New York State. Spanning 1,400 acres. Micron’s new megafab will create nearly 50,000 New York jobs, which includes 9,000 high paying company jobs, further positioning New York State as a national leader in reshoring “future-proof” semiconductor jobs to the U.S.

Micron New York facility rendering

This state-of-the-art chip manufacturing complex will be located in the White Pine Commerce Park in the Town of Clay, Onondaga County. As part of the State’s first-in-the-nation “Green CHIPS” program, Micron, in partnership with Empire State Development, will establish the $500 million Green CHIPS Community Fund to ensure that the area directly benefits from the company’s presence. Micron will also implement a Green CHIPS Sustainability Plan designed to mitigate its greenhouse gas emissions and environmental impact, including utilizing 100% renewable energy, attaining LEED Gold status, and committing to greenhouse gas emission targets and reporting. Read Governor Hochul’s press release here.

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