Micron to Receive $6.1 Billion from SWACCA-Supported CHIPS and Science Act to Build Semiconductor Plants in New York and Idaho
The U.S. Commerce Department announced that it reached a tentative agreement with Micron Technology concerning the details of $6.1 billion from the SWACCA-supported CHIPS and Science Act to build out a new planned memory chip plant in Syracuse, New York and to expand existing facilities in Boise, Idaho. In Syracuse, Micron is planning to build a giant manufacturing complex, pledging to start with a $20 billion project by the end of the decade and spend as much as $100 billion over the next two decades or more. In Boise, Micron plans to spend $15 billion to build a memory chip factory, the first new plant in the U.S. in 20 years. Micron said that the investment from the Commerce Department will create roughly 50,000 jobs, including about 9,000 direct positions at its plants.
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