President Joe Biden visited Syracuse on Thursday to commend the city’s selection as the location for Micron Technology’s colossal $100 billion complex of computer chip manufacturing facilities. Biden also revealed a $13.6 billion package of federal subsidies designed to assist Micron Technology in realizing the largest private investment in New York’s history.
Under the terms of a preliminary, non-binding agreement, Micron would receive the second-highest incentive package granted nationwide under the federal CHIPS and Science Act. This substantial investment is anticipated to create thousands of jobs in the Syracuse area and position New York as a global leader in the production of cutting-edge computer chips.
Biden praised Micron’s decision to invest in Syracuse, highlighting its strong workforce, central location, and commitment to innovation. He emphasized that the federal government is dedicated to supporting the development of the domestic semiconductor industry, which is vital to national security and economic competitiveness.
The $13.6 billion subsidy package announced by Biden will provide Micron with critical funding to support the construction and operation of its Syracuse facilities. This investment underscores the Biden administration’s commitment to revitalizing American manufacturing and ensuring the nation’s technological leadership in the 21st century.
