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Micron Technology's ambitious plan to construct a large computer chip fabrication complex in Clay is progressing. The company has submitted a draft environmental impact statement to Onondaga County, a crucial step in the project's development. This report evaluates the potential effects on water and air quality, hazardous waste generation, and greenhouse gas emissions.
Micron aims to begin construction by the end of the year, with the project expected to span several decades. The complex is part of Micron's plan to invest approximately $50 billion in the U.S. semiconductor supply chain through 2030, supported by federal CHIPS Act funding and state incentives. The project is anticipated to create around 75,000 jobs, including 9,000 direct positions at Micron, 4,500 construction jobs, and 40,000 indirect jobs.
New York state officials have provided significant incentives to attract Micron, including $5.5 billion in state subsidies and additional federal grants. This move is part of a broader strategy to bolster the U.S. semiconductor industry and enhance national security. The complex will be one of two leading-edge memory fabs in New York, with another located in Idaho.
Despite the incentives, the project faces challenges due to New York's high tax burden and complex regulatory environment. However, the state aims to overcome these hurdles by offering substantial financial support to attract major projects like Micron's.