Micron formally applies for funding through the CHIPS & Science Act, Schumer says

CLAY, N.Y. — Micron Technology Inc. (NASDAQ: MU) has submitted its application for federal aid  through the CHIPS & Science Act for its semiconductor campus in the town of Clay.

That’s according to the office of U.S. Senate Majority Leader Charles Schumer (D–N.Y.).

Micron on Oct. 4. 2022 announced plans to invest up to $100 billion over the next 20-plus years on a semiconductor manufacturing campus at the White Pine Commerce Park in Clay.

“With my CHIPS & Science Act as the fuse, Micron chose to make Central NY the home of its unprecedented $100 billion megafab, bringing with it nearly 50,000 good paying jobs to fundamentally transform Central NY’s role in the global tech economy. Now, with Micron having officially submitted for the historic investments I created, the project is one step closer to becoming a reality, one step closer to a better future for our children and our grandchildren, one step closer to shovels hitting the ground,” Schumer said in a Monday statement. “Without this legislation, Micron would have decided to build its megafab overseas, but the investments that I led to passage will ensure this project is a success here in Central NY. I applaud Micron for submitting its CHIPS application, so that the future of semiconductor and memory chip manufacturing will remain not just in this country, but in Syracuse and Central NY specifically, so that Upstate New York becomes a global center of the chip industry for generations to come.”