Micron Technology, Inc. (NASDAQ: MU), one of the world’s largest
semiconductor companies and the only U.S.-based manufacturer of
memory, today announced plans to build the largest semiconductor
fabrication facility in the history of the United States. The new
megafab will increase domestic supply of leading-edge memory and
create nearly 50,000 New York jobs, including approximately 9,000
high paying Micron jobs.
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. This represents the largest private investment in New
York state history. Micron’s investment in Onondaga County, New
York, will complement the company’s previously announced
high-volume manufacturing fab in Boise, Idaho. Micron will design,
build and operate the facility in accordance with its
sustainability goals. The site could eventually include four
600,000 square foot cleanrooms, for a total of 2.4 million square
feet of cleanroom space – the size of approximately 40 U.S.
football fields.
Micron’s New York megafab is part of its strategy to gradually
increase American-made leading-edge DRAM production to 40% of the
company’s global output over the next decade. Site preparation work
will start in 2023, construction will begin in 2024 and production
output will ramp in the latter half of the decade, gradually
increasing in line with industry demand trends. Locating Micron’s
industry-leading DRAM production in the U.S. brings tremendous
benefits for its customers, enabling them to build their innovative
products and solutions using a more resilient, secure and
geographically diverse supply chain.
“I am grateful to President Biden and his Administration for
making the CHIPS and Science Act a priority, to Senator Schumer and
a bipartisan coalition in Congress for passing the legislation, and
to Governor Hochul and County Executive McMahon for the local and
state partnerships that made this investment possible. Micron will
leverage the diverse, highly educated and skilled talent in New
York as we look to build our workforce in the Empire State,” said
Micron President and CEO Sanjay Mehrotra. “This historic
leading-edge memory megafab in Central New York 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.”
The $5.5 billion in incentives from the state of New York over
the life of the project alongside anticipated federal grants and
tax credits from the CHIPS and Science Act are critical to support
hiring and capital investment. In addition, the Town of Clay and
Onondaga County are providing key infrastructure support for
Micron’s new leading-edge semiconductor facility.
Central New York is the Ideal Home for America’s New
Leading-Edge Semiconductor Megafab
Micron is excited to build this new megafab in New York, making
the Empire State the location of the largest leading-edge memory
site in the U.S. Micron selected the Onondaga County, New York site
based on its multiple advantages including leading higher education
institutions, access to talent traditionally underrepresented in
technology jobs and a significant military population aligned with
Micron’s commitment to veteran hiring. It also offers availability
of water and clean, reliable power to enable a project of this
scale while achieving our long-term environmental goals. The area
has much to offer for future Micron employees and families,
including urban and outdoor lifestyles, an affordable cost of
living and a strong local school system. New York provides
partnership opportunities with local K-12 education programs,
community colleges and institutions for top engineering and
technical talent. The state has a long history of semiconductor
development and manufacturing, providing promising opportunities to
collaborate on R&D initiatives with organizations like the
Albany NanoTech Complex and the U.S. Air Force Research
Laboratory.
Senate Majority Leader Charles Schumer
said, “After years of work, it’s
official—Micron is coming to Central New York! With the CHIPS and
Science bill, I wrote and championed as the fuse, Micron’s $100
billion investment in Upstate New York will fundamentally transform
the region into a global hub for manufacturing and bring tens of
thousands of good-paying high-tech and construction jobs to Central
New York. This project is a dramatic turning point for a region
that has faced decades of lost manufacturing jobs, and, in
combination with New York’s already robust microchip industry from
the Hudson Valley, Albany, and the Mohawk Valley to Binghamton,
Rochester, and Buffalo, it will put Upstate New York on the map in
a way we haven’t seen in generations. 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. Today’s announcement is the result of my
long fight to bring manufacturing back to Upstate New York. The
bottom line is that without the CHIPS and Science legislation,
Micron would have decided to build its mega-fab overseas. This
investment leaves no question that the future of microchip
manufacturing will remain not just in this country, but in Syracuse
specifically, and that our future will be built in Upstate New
York, with Central New York as a global center of the chip
industry.”
Historic Investment in Community and Workforce
Development
Micron and the state of New York are also announcing a historic
$500 million investment in community and workforce development with
a focus on disadvantaged populations over the duration of the
project. Micron will invest $250 million over the next 20-plus
years as part of the company’s commitment to the Green CHIPS
Community Investment Fund. An additional $250 million is expected
to be invested, with $100 million from New York and $150 million
from local, other state and national partners.
Aimed at expanding and preparing the workforce in the region and
providing additional support for disadvantaged community
populations, the fund will be used for workforce training,
education programs, housing and other community investments. Micron
will work with the state and other partners to form a local
Community Advisory Committee to provide inputs into additional
future investments from the Fund.
Governor Hochul said, “Micron’s $100 billion investment in
New York marks the start of something transformative in scale and
possibility for our state’s economic future. I promised that we
would jump start the economy by being the most business-friendly
and worker-friendly state in the nation, and thanks to our State
Green CHIPS legislation, the federal CHIPS and Science Act, and
extraordinary partnerships with business, labor, and local and
federal leaders, this project will do exactly that. Together, we
are leveraging this investment – the largest private-sector
investment in state history – to secure our economic future,
solidify New York’s standing as a global manufacturing hub, and
usher the state into another Industrial Revolution.”
Reflecting the company’s broad DEI commitments, Micron’s New
York plans include initiatives to address economic disparities and
accelerate economic opportunity for underserved communities in the
semiconductor industry. Micron aims to hire a diverse workforce for
both direct roles as well as broader construction ecosystem
jobs.
Onondaga County Executive McMahon said, “Today’s announcement
validates what we have known all along – White Pine Business Park
is the premier site in the Country for attracting an investment in
the semiconductor industry, and we are thrilled to welcome Micron
to our community. This is our generation’s Erie Canal moment and my
administration is committed to meeting this pivotal and exciting
moment in time. We will make sure that every neighborhood in every
corner of the County feels part of this historic and
transformational project.” McMahon continued, “As important, this
is a project that many people felt we weren’t worthy of, but at the
end of the day the greatest memory technology company in the world
chose Onondaga County. Micron is going to invest one-hundred
billion dollars to not only solve global demand challenges, but to
meet national security demands for this country. The decision by
Micron to invest in Central New York and solve these problems not
only supports our greater strategy for growing our community, but
validates our undeniable progress. I look forward to a long and
successful partnership.”
Sustainability Initiatives for New York Leading-Edge
Megafab
Micron will design and operate its new megafab in line with the
company’s sustainability framework and commitments. Micron aims to
use 100% renewable electricity at the new facility. Additionally,
Micron plans to use green infrastructure and sustainable building
attributes for the construction of the New York fab to attain
Leadership in Energy and Environmental Design (LEED) Gold status.
Greenhouse gas emissions (GHG) for the new facility will be
mitigated and controlled by using state-of-the-art technology.
These efforts support Micron’s global target to achieve a 42%
reduction in GHG emissions from operations by 2030 and net-zero
emissions by 2050.
Micron was recently named one of the 2022 World’s Most Ethical
Companies, awarded a Ecovadis Sustainability Platinum medal (top
1%) and named one of Newsweek America’s Most Responsible
Companies.
For more information, reference the New York fact sheet at
Micron.com/NY.
About Micron Technology, Inc.We are an industry
leader in innovative memory and storage solutions transforming how
the world uses information to enrich life for all. With a
relentless focus on our customers, technology leadership, and
manufacturing and operational excellence, Micron delivers a rich
portfolio of high-performance DRAM, NAND and NOR memory and storage
products through our Micron® and Crucial® brands. Every day, the
innovations that our people create fuel the data economy, enabling
advances in artificial intelligence and 5G applications that
unleash opportunities — from the data center to the intelligent
edge and across the client and mobile user experience. To learn
more about Micron Technology, Inc. (Nasdaq: MU), visit
micron.com.
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products, and/or specifications are subject to change without
notice. Micron, the Micron logo, and all other Micron trademarks
are the property of Micron Technology, Inc. All other trademarks
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Micron Media Relations Contact
Erica Rodriguez Pompen
Micron Technology, Inc.
+1 (408) 834-1873
epompen@micron.com
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Micron Technology, Inc.
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