Tech giant Micron to build $20 billion facility in CNY
Global chip tech giant Micron said it will invest $20 billion in a new computer chip factory in Central New York.
Micron will build the factory in Clay, N.Y., just north of Syracuse, with the first phase of construction to run through the end of the decade. The site will initially employ 3,000 people and could eventually include four factories and 9,000 employees if Micron opts to continue building. Over the next 20 years, Micron says, the project will generate nearly 50,000 jobs in CNY — about 9,000 Micron employees and more than 40,000 jobs for suppliers, contractors and others.
The Central New York employees would b paid an average of more than $100,000 per year, says Micron.
The plan also calls for Micron and the state to spend $500 million on community and work force training.
President Joe Biden said, “Today is another win for America, and another massive new investment in America spurred by my economic plan,” Biden said. “Micron, an American company, is investing $20 billion dollars this decade and up to $100 billion over 20 years in chips manufacturing in Upstate New York, creating tens of thousands of good paying jobs.” https://www.syracuse.com/politics/2022/10/biden-microns-computer-chip-deal-in-syracuse-area-another-win-for-america.html
The news is the latest of U.S. chip-production investments announced in recent months as manufacturers take advantage of $52 billion in federal subsidies and tax credits passed in the Chips and Science Act. https://science.house.gov/chipsandscienceact
Micron is latest move by a major semiconductor maker to invest in the United States. Intel broke started a $20 billion project to build two factories near Columbus, Ohio and is investing in a separate $20 billion expansion in Arizona. Taiwan’s TSMC, is building a plant in Phoenix that it plans to complete next year. SkyWater Technology is building a chip factory and research facility in West Lafayette, Ind., and Samsung and Texas Instruments have announced chip-making construction projects in Texas. Micron’s investment ties for the largest of any chip manufacturer since Congress passed the Chips and Science Act.
The giant factory Micron plant will be built in 15 miles north of the city of Syracuse, in Clay, N.Y. The site preparation will begin in 2023, construction starting in 2024 and production in volume after 2025. Plans are for a massive, 7.2 million-square-foot project that will boast the largest clean-room space in the U.S. The clean roof facilities will cover about 2.4 million square feet.
Micron selected Central New York area in part because of its people. Manish Bhatia, Micron vice president of global operations at, said company was attracted to the Syracuse area in part because of the large population of former military members with strong technical skills.
“There are an incredible number of veterans that exit the military here in Syracuse,” he said in an interview. “That veteran talent really makes a terrific base for us.”
Other reasons CNY was selected include:
- The large number of other tech companies in the area
- The area’s diverse workforce
- The strong educational and workforce training foundation
- Affordable housing and quality of life in the area
- Power and water
- Favorable tax incentives.
Micron will work with New York State universities and colleges to add semiconductor courses to their curriculums as well.
Over the next 20 years, Micron says, the project will generate nearly 50,000 jobs in CNY — about 9,000 Micron employees and more than 40,000 jobs for suppliers, contractors and others.
Micron is based in Boise, Idaho. It has more than 44,000 employees worldwide and a recorded revenue of $30.7 Billion in its last fiscal year.