Majority Leader Schumer Floor Remarks Announcing The Finalization Of The Historic $6.1 Billion Award For Micron To Bring Advanced Memory Chip Manufacturing To Upstate New York And America Made Possible By The Bipartisan CHIPS And Science Act

Washington, D.C. – Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Senate floor on Micron and the Commerce Department finalizing a CHIPS agreement for up to $6.1 billion from the bipartisan CHIPS and Science Law, supporting Micron’s planned landmark $100+ billion public-private investment in New York over the next two decades – as well as Micron’s expansion in Idaho – creating thousands of new good-paying jobs. Below are Senator Schumer’s remarks, which can also be viewed here:

When we passed the bipartisan CHIPS and Science Act two years ago, we promised to bring semiconductor manufacturing back to our shores, to strengthen our national security, shore up our domestic supply chains.

Today, that promise is coming to fruition in Upstate New York: Micron just finalized this morning, early this morning, a $6.1 billion – that’s billion, $6.1 billion – award that was made possible by the bipartisan CHIPS and Science law, to bring advanced memory chip manufacturing to Upstate New York and to America.

Most importantly, Micron’s CHIPS award is now locked in. It’s signed, sealed, and ready to deliver for Central New York, all of Upstate New York, and America.

Micron’s CHIPS award is more than just a once-in-a-generation investment in Upstate New York: it’s an investment that will span multiple generations, create over 50,000 jobs, and spur historic amounts of private investment in the region. And the chips Micron will make are essential for America’s future – they’re critical for our national security, for AI, our smart phones, our cars, our computers, and so much else.

And the benefits go beyond New York – this award is also fueling expansion of Micron in Idaho, and today, the Commerce Department has struck yet another deal with Micron to expand their Virginia facility.

So, Micron is investing and expanding in states big and small, from coast to coast. This is just the latest in a flurry of good news showing that chip production is expanding in America, from New Hampshire and New York to Arizona, New Mexico to Ohio.

That’s what CHIPS and Science is all about: making sure America harnesses all our potential to stay number one in chip manufacturing.

And when I conceived the CHIPS and Science bill, I had Upstate New York in mind. We knew that manufacturing had left New York, and we wanted it to return. That is now coming to fruition, from one end of the state to the other.

And the I-90 corridor, from Buffalo to Albany, will be known as the semiconductor superhighway, where close to a quarter of all chips made in America will be made. It's great news – not only for this generation, but for future generations, whose kids and grandkids will want to live in Upstate New York.

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