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Micron, one of the world’s largest microchip manufacturers, is expected to open a semiconductor plant in New York, promising a $100 billion investment and a plant that could bring 50,000 jobs to the state, the Senate’s top Democrat says.
The announcement comes after Senate Majority Leader Charles Schumer, of New York, had pushed Micron and the company’s CEO, Sanjay Mehrota, to consider upstate New York for its factory. It also comes months after Congress passed the $280 billion CHIPS and Science Act, which set aside $52 billion to bolster the semiconductor industry.
Companies like Micron manufacture the diminutive chips that power everything from smartphones to computers to automobiles. The bill was aimed at bolstering U.S. competitiveness against China and avoiding another chip shortage like the one that derailed the auto and tech industries during the pandemic.
