President Biden visited Syracuse, New York, on October 27, 2022, to announce a $6.1 billion federal grant for Micron Technology. The grant will be used to build a chip factory in Syracuse’s northern suburbs, which is expected to create 20,000 construction and manufacturing jobs. The factory is part of a larger effort by the Biden administration to boost domestic semiconductor chip production and reduce reliance on China. The grant is the largest private investment in New York history.