Micron's massive investment in a New York State chip facility will allow 10% of the total global memory chip market to be U.S.-made by the end of the decade — up from 2% now, its CEO tells Axios.
. The push comes amid growing concern that the concentration of leading-edge chip production in Taiwan and Korea represents a threat to both national and economic security.
The company hopes to begin on-the-ground preparations for the New York facility next year, start construction in 2024 and start producing chips by the latter part of the decade, Mehrotra said. Intel, TSMC, Samsung and others have announced significant U.S. expansion plans in recent months, spurred by the promise of federal dollars.
Mehrotra acknowledged that the chip industry is cyclical and the memory business especially so, but said Micron can scale back operations in the short term while still planning for an overall increase in long-term demand.Between the lines
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Micron to bring microchip plant to upstate New YorkMicron, 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. The company was lured to the Syracuse area with help from a generous set of federal, state and local incentives, including up to $5.5 billion in state tax credits over 20 years. The announcement comes after Senate Majority Leader Charles Schumer, of New York, had pushed Micron and the company’s CEO, Sanjay Mehrotra, to consider upstate New York for its factory.
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Micron to bring microchip plant to upstate New YorkMicron, 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. The company was lured to the Syracuse area with help from a generous set of federal, state and local incentives, including up to $5.5 billion in state tax credits over 20 years. The announcement comes after Senate Majority Leader Charles Schumer, of New York, had pushed Micron and the company’s CEO, Sanjay Mehrotra, to consider upstate New York for its factory.
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Micron to spend up to $100 billion on new semiconductor factory in New YorkMicron says it's committing up to $100 billion over the next two decades to build a computer chip factory in upstate New York.
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Micron’s investing up to $100 billion to bring the country’s ‘largest semiconductor’ facility to New YorkMicron’s investing $100 billion to bring the country’s ‘largest semiconductor fabrication facility’ to New York
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