Micron Technology invests in the largest chip production complex in the US

 According to the leader of Micron, the project in New York will be the largest semiconductor manufacturing facility in the US, expected to create nearly 50,000 jobs, with an investment capital of 20 billion USD in phase 1 by the end of the decade. this.

l 13, 2021 13:31

(Source: Reuters)

US chip maker Micron Technology on October 4 announced plans to invest about $100 billion over 20 years to build a computer chip factory complex in New York state, in an effort to promote chip production in the United States.

Speaking at Micron's press conference, Senate Majority Leader Chuck Schumer said this is a transformative project for America, as well as the largest private investment in New York history and has possibly the whole of America.

Meanwhile, New York Governor Kathy Hochul has linked this project to the industrial revolution 4.0 as well as helping to improve the economic situation of the state, which has lost thousands of jobs in the manufacturing sector in the past few years. past decade.

[A series of American businesses bring their factories abroad back home]

According to the leader of Micron, the project in New York will be the largest semiconductor manufacturing facility in the US, expected to create nearly 50,000 jobs , with an investment capital of 20 billion USD in phase 1 by the end of the decade. this.

The plant is expected to start construction in 2024.

The push to invest in new chip production takes place in the US more than a month after US President Joe Biden signed into law the Science and Chips Act, which subsidizes more than 52 billion USD for quality production and research activities. domestic semiconductors to enhance competitiveness with China.