NY Senator Schumer Announces Micron “Locked In” For Federal Funding

New York Senator Chuck Schumer has announced Micron is now officially locked in for $6.1 billion dollars in direct funding from the CHIPS & Science Law for the future construction of a chip fabrication facility in Clay, NY.

“Micron’s CHIPS funding is locked for Upstate NY. $6.1 billion from my bipartisan CHIPS & Science Law is now secured for Micron to build its new, state-of-the-art complex of memory chip fabs in Central NY and Idaho. A historic day and historic agreement for Upstate NY and America. This final award locks in the federal investment Micron needs for shovels to be able to hit the ground and create thousands of good-paying jobs here in Upstate NY,”

said Senator Schumer.

Senator Schumer said in a release the funding will go towards Micron’s $100 billion dollar private investment over the next twenty years in Central New York. Micron’s anticipated construction is expected to begin in the fall of 2025 at the White Pine Commerce Park in the Town of Clay.

The addition of Micron in the Central New York Region is expected to bring around an estimated 50,000 jobs. Cortland County could become home to potentially numerous supply chain companies that will look to build facilities in the area to support Micron. 

“We used to lead the world in making microchips, and thanks to the bipartisan CHIPS & Science Law we are seeing new investments every day to make America a major hub for chip manufacturing once again. The benefits extend across America to every corner of the country, in communities of all shapes and sizes, and I applaud Micron for continuing to lay the foundation for America’s technological future.”

Schumer said in a release.

Micron’s award is the second to be finalized of 5 agreements within the state for federal CHIPS incentives.