Micron Says Planned $100B NY Fab Will Be Largest In US
Micron Technology announced Tuesday a 20-year, $100 billion semiconductor project (see 2209300002) in Clay, New York, that it said will be the largest chip fabrication facility in the U.S. The fab will increase the domestic supply of memory and create…
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nearly 50,000 New York jobs and about 9,000 “high-paying” Micron jobs, it said. The first $20 billion of investment is planned by the end of the decade and could eventually include four 600,000-square-foot cleanrooms, Micron said. The central New York fab will complement Micron’s previously announced fab in Boise, Idaho, and is part of its strategy to gradually increase American-made DRAM production to 40% of the company’s global output over the next decade, it said. Preparation work at the New York site will start next year, construction will begin in 2024 and production output will ramp in the latter half of the decade, “gradually increasing in line with industry demand trends,” the company said. Micron cited $5.5 billion in incentives from New York State over the life of the project, plus anticipated federal grants and tax credits from the Chips and Science Act as “critical to support hiring and capital investment.”