Schumer says US will provide $6.1 billion to Micron Technology for chip plants in NY, Idaho

Release time：2024-05-21 09:33:18 Source：Stellar Stories news portal

WASHINGTON (AP) — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho.

Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four chip factories near Syracuse in the town of Clay. He noted in a Wednesday interview that the announcement was a sign to voters about how Democrats were reviving the manufacturing sector.

”It will be the biggest memory chip plant in America,” said Schumer. “For the Syracuse area, this is the best thing that’s happened probably since the Erie Canal.”

The comparison to the 1825 infrastructure project that connected the Great Lakes to the Atlantic Ocean is audacious, but it gets at the possible magnitude of the economic impact as well as the national security stakes in an increasingly digital world.

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