Micron CEO Sanjay Mehrotra announced one of the largest economic development projects in U.S. history — a transformational public-private partnership with Micron Technology to build a cutting-edge semiconductor manufacturing campus in Onondaga County, New York.
Micron, a U.S.-based memory and storage manufacturer and the fourth-largest producer of semiconductors in the world, will invest up to $100 billion over the next 20-plus years to construct the project, with the first phase investment of $20 billion planned by the end of this decade, creating nearly 50,000 jobs statewide — 9,000 new high-paying Micron jobs with an average annual salary of over $100,000 and over 40,000 community jobs — and create thousands and thousands of prevailing wage construction jobs. When complete, the complex will include the nation’s largest clean room space at approximately 2.4 million square feet, the size of nearly 40 football fields.
This is another step for Micron to establish leading-edge memory manufacturing in the U.S. to meet the demand of consumer, industrial, and business products such as automotive and mobile, fueled by the adoption of artificial intelligence and 5G and make the United States more globally competitive.
Micron’s $100 billion investment in New York marks the start of something transformative in scale and possibility for our state’s economic future.-said hochul
This is our Erie Canal moment. Just as the original Erie Canal did centuries ago, this 21st Century Erie Canal will flow through the heart of Central New York and redefine Upstate New York’s place in the global economy for generations to come. Micron’s investment will make New York’s semiconductor corridor into a major engine powering our economy and will supply ‘Made in New York’ microchips to everything from electric vehicles, 5G, and defense technology to personal computers and smartphones-said Schumer
Micron CEO Sanjay Mehrotra said, “This historic announcement is a major win for Micron, for New York, and the United States. I am grateful for President Biden and his Administration for making the CHIPS and Science Act a priority, to Leader Schumer and a bipartisan coalition in Congress for passing the legislation, and to Governor Hochul and County Executive McMahon for their leadership and partnership. The combined efforts at the federal, state, and local level paved the way for Micron to realize the largest private investment ever made in New York state history. We are thrilled to make this significant investment in New York, making the Empire State the location of the biggest leading-edge memory site in the U.S. We chose this location for many reasons, but most importantly — Central New York offers a rich pool of diverse talent, including communities that traditionally have been underrepresented in technology jobs. This historic leading-edge memory megafab will deliver benefits beyond the semiconductor industry by strengthening U.S. technology leadership, as well as economic and national security, driving American innovation and competitiveness for decades to come.”
