A bipartisan bill in Congress could help secure the future of Micron’s planned $100 billion semiconductor facility in Clay. The Building Advanced Semiconductors Investment Credit (BASIC) Act would expand a critical tax incentive for chip manufacturers, increasing the investment credit from 25% to 35% and extending it through 2030.
Representative John Mannion, a Democrat representing New York’s 22nd District, cosponsored the bill with Republican Representative Claudia Tenney of the neighboring 24th District. Both lawmakers say the expanded credit will strengthen the domestic supply chain, create jobs, and support national security.
“Domestic semiconductor manufacturing is critical to American national security and Upstate New York’s economic prosperity,” Mannion said in a statement. He credited Tenney for crossing party lines to support the region’s growing chip sector.
Micron President and CEO Sanjay Mehrotra called the bill “critical legislation” that will help semiconductor companies make cost-competitive, long-term investments in the U.S. He said the BASIC Act aligns with national goals for economic and security leadership.
More than a dozen other members of Congress, including Republicans and Democrats from New York and other states, have signed on as cosponsors.
