10.20.22

ON THE HEELS OF LANDING MICRON’S MAJOR INVESTMENT IN CENTRAL NY, SCHUMER DOUBLES DOWN ON SECURING 2ND TENANT AT MARCY NANOCENTER; SENATOR WILL LAUNCH NEW PUSH TO BOLSTER UPSTATE’S BOOMING SEMICONDUCTOR CORRIDOR & SUPERCHARGE THE MOHAWK VALLEY WITH MORE GOOD-PAYING JOBS AND NEW COMPANIES

Schumer, Along With Governor Hochul, Just Brokered The Largest Economic Development Project In NYS History For Micron To Invest Up To $100 Billion & Create 50,000 Good-Paying Jobs In Nearby Onondaga County; Adding To New York’s Semiconductor Corridor That Includes Wolfspeed’s New Mohawk Valley Chip Fab –The First, Largest And Only 200mm Silicon Carbide Fabrication Facility In The World

With His CHIPS and Science Act Spurring Major Investment In Upstate’s Chip Ecosystem, Schumer Says Multiple Companies Have Interest In The Shovel-Ready Marcy Nanocenter  

Schumer: Marcy Nanocenter is Plug-N-Play For Another Semiconductor Manufacturer!

Standing at SUNY Poly’s Center for Global Advanced Manufacturing, and on the heels of delivering Micron to Central New York, U.S. Senate Majority Leader Charles E. Schumer today doubled down on his efforts to bring a second semiconductor manufacturer to the Marcy Nanocenter. Schumer says adding Micron to New York’s growing semiconductor corridor that includes Wolfspeed and Globafoundries supercharges the Marcy Nanocenter’s chances of landing a second tenant and that multiple companies are expressing interest.

“The energy from semiconductor companies coming to New York is absolutely electric, and with the major jolt Micron just delivered to Central New York, and really all of Upstate New York, now is the prime moment for Marcy Nanocenter to capture lightning in a bottle and land a second semiconductor manufacturer.” said Senator Schumer. “With Wolfspeed already leading the pack in cutting-edge semiconductor innovation and site infrastructure already in place, the Marcy Nanocenter is attracting major interest from the chip industry. With my CHIPS and Science bill as the fuse, I used my clout as majority leader to help land Micron, and now I am doubling down on my efforts to help bring another company here to Marcy.”

Schumer’s latest effort to land semiconductor investment in the Mohawk Valley follows his major success, in partnership with Governor Hochul and local leaders, in landing Micron’s $100 billion and 50,000 job project in nearby Central New York. This unprecedented investment would not have been possible without Schumer's historic, bipartisan CHIPS and Science Act that he led to passage earlier this year. Without this legislation, Micron has said it would have likely built its megafab overseas. Schumer said that the new federal microchip incentives in his legislation, combined with the spillover of the Micron investment will undoubtedly supercharge Marcy’s chances of landing another semiconductor company. The senator explained that companies often like to locate close to each other to help build local supply chains, a workforce pipeline and research partnerships.

Micron’s investment adds to the over 75 other semiconductor companies in the state that employ over 34,000 New Yorkers, including industry leaders like GlobalFoundries, onsemi, IBM and Marcy’s own Wolfspeed. Wolfspeed’s Mohawk Valley Fab is the first, largest and only 200mm Silicon Carbide fabrication facility in the world. The more than $1 billion investment will bring up to 600 new jobs to the region by 2029. Upstate New York also has some of the top research institutions and universities in the country for preparing the workforce for semiconductor manufacturing and engineering jobs, which is especially true in the Mohawk Valley, which is home to SUNY Polytechnic Institute’s College of Engineering. In addition, nearby Albany Nanotech is home to SUNY Poly’s College of Nanoscale Science and Engineering and is primed to become the major hub of America’s first National Semiconductor Technology Center (NSTC), which was created by Schumer’s CHIPS and Science Bill.

Schumer, New York State, and local officials are already in talks with multiple semiconductor companies interested in the Marcy Nanocenter because of the federal incentives for microchip manufacturing, the state’s growing microchip industry, as well as the region’s access to cheap power and water, and its shovel-ready advanced infrastructure.

Schumer has been the leading champion of bringing semiconductor manufacturing back to America and has a long history of fighting to secure this investment for Upstate New York. Going back to 2019, Schumer proposed a major tech investment “moon shot” in cutting-edge technologies like semiconductors to out-compete China. Schumer then spent the next three years working to pass into law this vision – ultimately manifesting itself into the CHIPS and Science Act, which makes a generational investment in innovation and manufacturing, including providing over $76 billion in new federal incentives for microchip manufacturing and research and development in the U.S.

 

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