Results for: Micron Technology

President Joe Biden will visit Syracuse, New York, to announce a preliminary agreement with Micron Technology for up to $6.14 billion in subsidies for two chip factories. The agreement, funded under the CHIPS and Science Act, aims to boost domestic chip production and reduce reliance on foreign supplies. Micron plans to invest a total of $100 billion in New York, creating 13,500 jobs, and $25 billion in Idaho, creating 6,500 jobs. Biden will also highlight his administration’s efforts to revitalize U.S. manufacturing and strengthen national security.

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.

President Joe Biden traveled to Syracuse on Thursday to celebrate the selection of the city as the site of Micron Technology’s massive $100 billion complex of computer chip plants. Biden also announced a $13.6 billion package of federal subsidies to support the project, which represents the largest private investment in New York history and the second largest incentive package awarded under the CHIPS and Science Act.

The Biden administration has reached a preliminary agreement with Micron Technology, the latest in a series of investments through the bipartisan CHIPS and Science Act. The agreement includes up to $6.1 billion in federal funding to support the construction of two manufacturing hubs in New York and Idaho. The investment is expected to result in an investment by Micron of up to $125 billion over the next two decades, creating more than 70,000 jobs. This latest agreement underscores the Biden administration’s efforts to bolster domestic semiconductor chip manufacturing and reduce reliance on foreign supply chains.

The Micron Technology chip production plant in Clay, New York, promises economic benefits but raises environmental concerns. The facility will use hundreds of toxic chemicals, including PFAS, which can threaten water quality and human health. Despite Micron’s commitment to wastewater treatment, there are concerns about the potential for spills and the lack of water quality standards for PFAS. The community must demand ultra-secure handling and treatment of chemicals to protect the environment and workers from the potential health hazards associated with the semiconductor industry.

President Joe Biden has formally announced that Micron Technology will receive $6.1 billion in federal funding for its $100 billion microchip plant in Central New York. This funding is part of the 2022 CHIPS Act, which Biden promoted as a way to bring semiconductor manufacturing back to America. Micron is the fourth big chipmaker to get CHIPS money to build leading edge chips in the U.S.

Micron Technology plans to build a semiconductor manufacturing complex in Clay, New York, with operations commencing in 2029. While the project promises economic development and job creation, environmental activists express concerns over the potential release of toxic chemicals, particularly those known as PFAS, into local waterways via wastewater discharge. Despite Micron’s pledge to comply with environmental regulations and invest in treatment systems, uncertainties remain due to the secretive nature of the semiconductor industry and the limited knowledge and regulations surrounding PFAS. The Onondaga County Water Environmental Protection Department will oversee Micron’s wastewater discharge, but current regulations and testing methods are inadequate to fully address PFAS contamination. The federal government is pushing for the development of PFAS alternatives and improved wastewater treatment technologies, but the process could take years or decades.

President Joe Biden visited Syracuse to announce a historic deal with Micron Technology, providing $6.1 billion in federal grants for the company’s planned $100 billion complex of computer chip plants. The project, located in the town of Clay, is expected to create thousands of jobs and boost the region’s economy.