Micron Commits $100B to Build Upstate NY Semiconductor Plant
Micron Technology will invest up to $100 billion over the next two decades to construct a semiconductor plant in upstate Clay, NY, near Syracuse. It’s the largest private-sector in New York State history, according to Gov. Kathy Hochul’s office.
The world’s fourth-largest semiconductor maker, Micron will build the memory chip manufacturing campus on 1,400 acres in the White Pine Commerce Park in Clay. When complete, the complex will include the nation’s largest clean room space at approximately 2.4 million square feet.
To attract the Micron investment to New York—which otherwise might have gone overseas—Empire State Development has offered a package of performance-based incentives up to $5.5 billion in Green CHIPS Excelsior tax credits over two phases over 20 years.
These incentives are tied to Micron creating 9,000 new jobs, among other performance metrics. Micron has also pledged $500 million to establish a community investment fund.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!