Microchip Company Micron to open new facility in New York – NBC New York (47)

Companies like Micron make the tiny chips that power everything from smartphones to computers to cars. The federal bill was intended to bolster U.S. competitiveness against China and prevent another chip shortage like the one that derailed the auto and tech industries during the pandemic.

“Potato chips are essential to our economy and if we were to lose the ability to produce chips here in the United States, it would be a serious risk to both economic and national security,” Schumer said in an interview with The Associated. Press. “This will be the most advanced memory chip manufacturing facility in the United States and probably the world. And it’s in a place that will really benefit from it. “

The company plans to invest up to $ 100 billion over the next 20 years or more, with the first investment of $ 20 billion expected by the end of the decade. The deal is also expected to create more than 9,000 jobs at Micron, and officials believe it could also create about 40,000 other ancillary jobs in the region, from suppliers to contractors, Schumer said.

After signing the draft $ 280 billion law last month, President Joe Biden touted the investment in New York as proof it was working.

“Today is another win for America and another huge new investment in America fueled by my business plan,” Biden said. Micron, an American company, is investing $ 20 billion over this decade and up to $ 100 billion over twenty years to produce CHIPS in upstate New York, creating tens of thousands of well-paying jobs. Together, we are building a bottom-up economy where we reduce costs for our families and do it right here in America. “

Headquartered in Boise, Idaho, Micron has several chip manufacturing facilities around the world, including Singapore and Taiwan. The company announced in September that it would invest $ 15 billion by the end of the decade in a new semiconductor plant in its hometown of Boise that, according to the chip maker, will create 17,000 jobs in the United States.

“This is like a 21st century Erie canal,” Schumer said of the New York facility. “And just like the original Erie Canal did centuries ago, this will help cement the growth of our economy for decades to come, not just in New York state, but across the country, because these chips are so vital. for many of our operations cuts.