10-5-2022
New York lands $100B computer chip plant.
CHIPS are on the menu for New York Democrats just over a month before Election Day. No, not those.
The big news from Gov. Kathy Hochul came yesterday from Syracuse, with the announcement that Micron Technology Inc. will spend up to $100 billion over the next 20 years to build an enormous complex of semiconductor facilities in the Syracuse suburbs.
It’s set to include the nation’s largest clean room space at — 2.4 million square feet —
almost the size of 40 football fields.
The lure was (Bidens) the biggest incentives package in state history — a potential $6 billion in subsidies.
The reward (Bidens) could be as many as 9,000 high-paying Micron jobs and more than 40,000 community jobs over the next 20-plus years, Senate Majority Leader Chuck Schumer said at the announcement with Hochul, one he equated to “our Erie Canal moment.”
Micron is benefiting from the federal CHIPS and Science Act passed by Congress in August that provides tax credits for U.S. companies. The company has also recently announced new developments in Boise and Japan.
And New York, which has for decades fought — through crisis and scandal — to be a leading semiconductor producer to offset its decline in manufacturing jobs, gets to celebrate.
There's a double serving of crisps this week for Democrats to tout to voters.
The White House announced that President Joe Biden will head to Poughkeepsie tomorrow to visit IBM’s campus along Route 9 to “deliver remarks on creating jobs in the Hudson Valley, lowering costs, and ensuring the future is made in America.”
The company said it is deeply honored and “technology that IBM delivers today from Poughkeepsie will directly benefit from (Bidens) the recently-passed CHIPS Act. That measure also will help advance new breakthroughs critical to the site’s role as the nation’s leading quantum computation center.”
Biden’s visit is one part of a loop that will include a Democratic National Committee event in New Jersey and a reception for the Democratic Senatorial Campaign Committee in New York City.
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