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{"82F4F42F-5056-A066-6040-975B4F48A02A":{"TotalRows":1,"uid":"82F4F42F-5056-A066-6040-975B4F48A02A","title":"Wolfspeed CHIPS","summary":"Marcy, NY","eventType":"chuck-around-ny","eventTypeLabel":"Chuck Around NY","date":"April 18, 2022","url":"about/chuck-around-new-york/wolfspeed-chips","city":"Marcy","county":"Oneida","lat":43.1706253,"lng":-75.2915564,"description":"On April 18, 2022, standing at the Marcy Nanocenter as Wolfspeed prepares to launch production at its new $1 billion chip fabrication (“fab”) facility, U.S. Senate Majority Leader Charles E. Schumer launched a major push to establish Marcy as a domestic hub for the semiconductor manufacturing by landing another fab in the Mohawk Valley. Schumer explained that Wolfspeed’s Mohawk Valley Fab will be the first, largest and only 200mm Silicon Carbide fabrication facility in the world. The more than $1 billion investment will bring 600 new jobs to the region by 2029, on top of providing critical support to ease national chip shortage, shore up domestic supply chains, and lower costs for working families. Now, Schumer is doubling down on his efforts to bring further investment to Marcy, through the $52 billion in federal incentives for domestic semiconductor manufacturing and R&D included in his <a href=\"https://www.schumer.senate.gov/newsroom/press-releases/schumer-announces-senate-passage-of-us-innovation-and-competition-act-250-billion-bipartisan-bill-will-be-blueprint-to-make-ny-global-tech-and-semiconductor-hub-schumers-bill-includes-52b-for-us-semiconductor-industry_10b-for-regional-tech-hubs-to-create-jobs-in-upstate-ny--put-ny-on-the-frontlines-of-the-greatest-race-of-the-century\">U.S. Innovation and Competition Act</a> (USICA). In addition, Schumer is pushing for Central New York and the Mohawk Valley to be awarded up to $100 million through the Economic Development Administration’s Regional Challenge grant program, which would provide investment to further develop Marcy Nanocenter and make the region a national tech and manufacturing hub. With Marcy Nanocenter already attracting interest from other semiconductor-related companies due to its advanced site infrastructure, Schumer says these incentives would be a catalyst in luring more jobs to the Mohawk Valley. "}}

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