Syracuse University Hosts Micron Technology as Company Announces Historic $100 Billion Investment for Computer Chip Manufacturing Complex in Downtown New York

four people standing against a backdrop

Syracuse University was the site of a historic announcement today by Micron Technology that it will invest $100 billion to build a semiconductor manufacturing plant in the city of Clay. From left, Onondaga County Executive Ryan McMahon, Chancellor Kent Syverud, New York State Governor Kathy Hochul, and Micron Chairman and CEO Sanjay Mehrotra. (Photo by Ross Knight)

Earlier today, Syracuse University was the site of a historic announcement of a transformational investment by Micron Technology in Central New York: a $100 billion semiconductor manufacturing facility in the city of Clay, the largest investment and facility of its kind in the United States. . Micron officials announced plans to build a state-of-the-art memory factory in New York State this morning during an event at the KG Tan Auditorium in the Daniel and Gayle D’Aniello Building, home of the National Veterans Resource Center.

Micron Technology Inc. is one of the world’s largest semiconductor companies and the only US-based memory manufacturer. The new megafab will increase the nation’s supply of cutting-edge memory and create tens of thousands of new jobs. It is the largest private investment in New York State history.

Chancellor Kent Syverud welcomed Micron Chairman and CEO Sanjay Mehrotra and various representatives from local, state and federal government for this important announcement that will impact the region and the state for generations to come. The investment will create the largest cleanroom space ever announced in the US, creating nearly 50,000 jobs in New York over 20 years. Those include 9,000 new high-paying Micron jobs and more than 40,000 community jobs, including vendors, contractors and other support roles.

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In August, President Joe Biden L’68 signed the bipartisan CHIPS and Science Act, which will increase the nation’s semiconductor production while boosting efforts to reduce reliance on foreign suppliers.

“I am grateful to President Biden and his administration for making CHIPS and the Science Act a priority, to Senator Schumer and a bipartisan congressional coalition for passing the legislation, and to Governor Hochul and County Executive McMahon for the local and state associations that made this investment possible. Micron will tap into the diverse, highly skilled and skilled talent in New York as we look to develop our workforce in the Empire State,” Mehrotra said in a press release. “This historic state-of-the-art memory megafab in downtown New York will deliver benefits beyond the semiconductor industry by strengthening US technology leadership, as well as economic and national security, driving innovation and competitiveness. Americans for decades to come.

person standing at podium in front of screen showing rendering of manufacturing plant

At today’s event with Micron Technology, Chancellor Syverud recognized the critical efforts of state and local leaders to help bring Micron to the area. (Photo by Jeremy Brinn)

At today’s event, Chancellor Syverud recognized the critical efforts of US Senator Charles E. Schumer, New York State Governor Kathy Hochul ’80 and County Executive Ryan McMahon, who participated in the event’s speaking program, to help lead Micron to the area. Also in attendance were US Representative John Katko, Syracuse Mayor Ben Walsh and CenterState CEO Rob Simpson.

“Micron’s $100 billion investment in New York marks the beginning of something transformative in scale and possibility for our state’s economic future. I promised we would boost the economy by being the most business- and worker-friendly state in the nation, and through our state Green CHIPS legislation, the federal CHIPS and Science Act, and extraordinary partnerships with local businesses, workers, and organizations. and federal leaders, this project will do just that,” Governor Hochul said in a press release. “Together, we are leveraging this investment, the largest private sector investment in state history, to secure our economic future, solidify New York’s position as a global manufacturing hub, and lead the state into another industrial revolution.”

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Syracuse University was chosen as the site for today’s announcement due to the University’s deep connections and commitment to Central New York.

In a message to the Orange community, Chancellor Syverud said: “This is a proud moment for our University. Syracuse University’s academic, economic, cultural and civic contributions to Central New York are among the factors that drew Micron to our area. The opportunity for collaboration, in all facets of our University, is significant. From internships and career opportunities for our students and alumni, respectively, to interdisciplinary research opportunities, educational programs, veterans initiatives, community development, engagement and investment, and economic development, Micron will quickly become one of the best partners in our region. and a key driver of downtown New York’s long-term prosperity.”

Micron selected the New York site based on the state’s leading institutions of higher education, access to talent traditionally underrepresented in technology jobs, and a significant military population aligned with Micron’s commitment to hiring veterans. The site also offers access to clean, reliable water and power to enable a project of this scale while achieving the company’s long-term environmental goals.

Micron and New York State will also invest a historic $500 million in community and workforce development with a focus on disadvantaged populations over the life of the project. Reflecting the company’s commitment to diversity, equity and inclusion, 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 and broader jobs in the construction ecosystem.

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