A significant step toward Micron building a huge microchip manufacturing plant happens Thursday when President Joe Biden visits CNY to announce billions of dollars in incentives for the project. The money comes from Biden's CHIPs act, meant to spur the development of high tech manufacturing in the United States.
The project is slated to start with the building of two microchip-building facilities called FABs. It eventually could include two more, creating as many as 9000 jobs, as well as tens of thousand more in construction and in businesses that would serve or supply the Micron plant.
Centerstate CEO President Rob Simpson calls the development - and the President's visit - momentous.
"This announcement is yet another exciting moment in our region’s long return to economic prominence,," said Simpson in a release. "President Biden’s visit underscores that Micron’s project is not just reshaping our region’s economic landscape, it’s transforming our nation’s economic competitiveness and vaulting Upstate New York into an entirely new tier of criticality to our country’s future. Within the next decade, when Micron has just two of its four fabs up and operating, one in four American-made chips will be produced within 350 miles of this Upstate Semiconductor Corridor. No other area of the country will account for a greater share of domestic production."
Simpson believes that after the announcement of the incentives from the CHIPs act, Micron will accelerate the pace of development of the project in Clay. The economic incentives were considered key for Micron to, in tern, make 10s of billions of dollars in development investments.
