Tuesday, October 3, 2023

Micron announces historic investment of up to $100 billion to build megafab in Central New York



Micron’s leading-edge memory fab will create nearly 50,000 New York jobs over more than 20 years; New Green CHIPS Community Fund to invest $500 million in community and workforce development over time.

About the project

In 2022, Micron announced its plans to build the largest semiconductor fabrication facility in the history of the United States. Micron intends to invest up to $100 billion over the next 20-plus years to construct a new megafab in Clay, New York, with the first-phase investment of $20 billion planned by the end of this decade. The new megafab will increase domestic supply of leading-edge memory, create nearly 50,000 New York jobs and represent the largest private investment in New York state history. Micron will design, build and operate the facility in accordance with its sustainability goals.

Micron’s project is aligned with the goals of the CHIPS and Science Act Notice of Funding Opportunity (NOFO) to enhance U.S. economic and national security by securing a leading edge in critical technologies and rebuilding a highly complex but critical manufacturing sector in the U.S. 

In New York, the combination of a grant of commensurate scale and the long-term investment tax credit will help to bring high-volume leading-edge DRAM manufacturing to the U.S. on economically competitive terms. 



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