New York Construction Report staff writer
Micron Technology plans to spend up to $100 billion building a mega-complex of computer chip plants in Syracuse’s northern suburbs – the largest single private investment in New York history and one of the largest economic development projects in U.S.
The U.S.-based memory and storage manufacturer and the fourth-largest producer of semiconductors in the world, will invest up to $100 billion over the next 20-plus years to construct the project – creating thousands of prevailing wage construction jobs.
“We are gathered here as a result of an exclusive, almost never happening, extraordinary, unprecedented collaboration between the private sector, businesses, labor, local elected leaders, our federal leaders, and ultimately the State to be able to close on a deal, which will be known as the investment of the century,” Governor Kathy Hochul said at the announcement.
The first phase – $20 billion is planned by the end of this decade and when complete, the complex will include the nation’s largest clean room space at approximately 2.4 million square feet, the size of nearly 40 football fields.
When complete, the complex will include the nation’s largest clean room space at approximately 2.4 million square feet, the size of nearly 40 football fields.
“Micron’s $100 billion investment in New York marks the start of something transformative in scale and possibility for our state’s economic future,” Hochul said. “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.”
New York is currently home to 76 semiconductor companies that employ over 34,000 New Yorkers, including global industry leaders like GlobalFoundries, Wolfspeed, onsemi, IBM and Albany Nanotech Complex – a multibillion-dollar public-private partnership.
Consistent with New York State’s Green CHIPS Act, Micron will draw its electricity from 100 percent renewable sources and make far reaching sustainability commitments. Micron will also implement a half-billion-dollar community investment framework to ensure that the project benefits the people and communities of Central New York.