Schumer: Micron to bring microchip plant to upstate New York

TL;DR

Micron to bring microchip plant to upstate New YorkNEW YORK (AP) — Micron, one of the world’s largest microchip manufacturers, announced Tuesday it would open a semiconductor plant in upstate New York, promising a long-term investment of up to $100 billion and a plant that could bring 50,000 jobs to the state.In addition to tax credits tied to investment and job creation, New York has pledged $200 million for road and infrastructure improvements where the plant is being built in suburban Clay and $100 million to a “community benefit” fund.“Micron, an American company, is investing $20 billion dollars this decade and up to $100 billion over twenty years in CHIPS manufacturing in upstate New York, creating tens of thousands of good-paying jobs.The company announced in September that it would invest $15 billion though the end of the decade on a new semiconductor plant in its hometown, which the chipmaker said will create 17,000 American jobs.“And just as the original Erie Canal did centuries ago, this will help cement the growth of our economy for decades to come, not only in upstate New York, but in the country, since these chips are so vital to so many of our cutting-edge industries.”___Associated Press writer Zeke Miller in Washington contributed."

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