Micron Makes Historic $100 Billion Investment in Central New York Mega Manufacturing Plant

On Tuesday, October 4th, Micron Technology, Inc., one of the world’s largest semiconductor companies, announced plans to build the largest semiconductor fabrication plant in American history. The new megafab will boost American production of cutting-edge memory and generate close to 50,000 new jobs in New York, including about 9,000 well-paying Micron positions.

To build a new megafab in Clay, New York, Micron plans to invest up to $100 billion over the next 20+ years, with a first phase investment of $20 billion anticipated by the end of this decade.

The size of this private investment is unprecedented in New York history.

The high-volume production facility that the business had previously announced in Boise, Idaho, will be complemented by Micron’s investment in Onondaga County, New York.

Micron has stated that they will adhere to sustainability objectives when designing, constructing, and running the plant. The location may eventually house four cleanrooms, each measuring 600,000 square feet, for a total cleanroom area of 2.4 million square feet, or roughly 40 American football fields.

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The Micro President said, “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.”

Further CEO Sanjay Mehrotra said, “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.”

Governor Hochul said, “Micron’s $100 billion investment in New York represents the beginning of something transformative in scale and promise for our state’s economic future.”

She continued, “Together, we are utilizing this investment—the greatest private-sector investment in state history—to safeguard our economic future, reaffirm New York’s position as a major industrial center, and bring the state into the 21st century.”

Onondaga County Executive Ryan McMahon stated, “Today’s news reaffirms what we have known all along: White Pine Business Park is the top site in the country for attracting investment in the semiconductor industry, and we are happy to welcome Micron to our community.”

Micron’s plans for New York include programs to reduce economic imbalances and boost economic opportunities for underserved communities in the semiconductor industry, reflecting the company’s extensive DEI commitments. Micron wants to employ a diverse workforce for both direct positions and positions within the larger construction ecosystem.