MICRON TO BRING MICROCHIP PLANT TO UPSTATE NEW YORK

Micron, one of the world’s largest microchip manufacturers, announced it would open a semiconductor plant in upstate New York, promising a long-term investment of up to $100 billion and a plant that could bring 50,000 jobs to the state. The company was lured to the Syracuse area with help from a generous set of federal, state and local incentives, including up to $5.5 billion in state tax credits over 20 years. The announcement comes after Senate Majority Leader Charles Schumer, D-NY, had pushed for Idaho-based Micron and the company’s CEO, Sanjay Mehrotra, to consider upstate New York for its factory. It also comes months after Congress passed the $280 billion CHIPS and Science Act, which set aside $52 billion to bolster the semiconductor industry. “An investment of this scale in the U.S. is…

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AppleMagazine (Digital) - 1 Issue, #571

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