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Biden administration set to provide $6.1 billion to Micron Technology for chip plants in NY, Idaho

By JOSH BOAK - Apr 17, 2024, 08:03 PM ET
Last Updated - Apr 17, 2024, 08:03 PM EDT
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President Joe Biden waves as he walks across the South Lawn of the White House in Washington, Wednesday, April 17, 2024, after returning from a trip to Pennsylvania. (AP Photo/Susan Walsh)

The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho

WASHINGTON (AP) — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho.

Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four chip factories in Syracuse — and noted in a Wednesday interview that the announcement was a sign to voters about how Democrats were reviving the manufacturing sector.

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”It will be the biggest memory chip plant in America,” said Schumer. “For the Syracuse area, this is the best thing that’s happened probably since the Erie Canal.”

The comparison to the 1825 infrastructure project that connected the Great Lakes to the Atlantic Ocean gets at the magnitude of the economic impact as well as the national security stakes.

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