Micron said the project represents the largest private investment in the history of New York state.
What just happened? Micron Technology has announced plans to build the largest semiconductor fabrication facility in the US. The new megafab will be constructed in Clay, a town just outside of Syracuse in Upstate New York. Micron will invest up to $100 billion into the project over the next 20-plus years, with the first $20 billion injection coming by the end of this decade.
Micron said the project represents the largest private investment in the history of New York state.
The American memory maker will start prepping the site in 2023 and begin construction the following year. Ultimately, the project will create nearly 50,000 jobs for New Yorkers including around 9,000 high-paying positions at Micron.
