WASHINGTON, D.C. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) last week convened several Japanese companies that supply the semiconductor industry to pitch the benefits of locating in upstate New York. Schumer held the gathering at the U.S. Capitol as Japanese Prime Minister Fumio Kishida visited the U.S. last week, representing the first visit from […]
WASHINGTON, D.C. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) last week convened several Japanese companies that supply the semiconductor industry to pitch the benefits of locating in upstate New York. Schumer held the gathering at the U.S. Capitol as Japanese Prime Minister Fumio Kishida visited the U.S. last week, representing the first visit from a Japanese leader in nine years, Schumer’s office noted.
Attendees at the Schumer-convened meeting included Japanese government officials; along with Sanjay Mehrotra, president & CEO of Micron Technology (NASDAQ: MU) and Manish Bhatia, executive VP of global operations at Micron.
They also included chief executives and other leaders from GlobalFoundries; IBM(NYSE: IBM); Canon USA; EMD Group; Fujifilm Electronic Materials Japan; Hitachi High Tech America; JSR Corporation; JSR Micro; JX Metals Kanto USA; Kioxia; Screen Holdings (DNS); Sumitomo Chemical; Tokyo Electron (TEL); Tokyo Ohka Kogyo (TOK); and Toppan Photomasks Round Rock.
His office said Schumer told the gathering that upstate New York already has the semiconductor infrastructure needed to support new Japanese suppliers “thanks to his CHIPS & Science Act and major investments in the state” by companies like Micron,GlobalFoundries, Wolfspeed, and IBM, which need new supplier companies to support their operations.
“Locating in Upstate New York means locating at the center of the global semiconductor industry — with everything a company could want right at their fingertips: shovel-ready sites, cheap, abundant, reliable water and power, our top-notch research institutions, a skilled tech workforce, and major investments spurred by my CHIPS & Science Law that are creating significant demand for supplier products. With new semiconductor suppliers, New York will be truly unstoppable and quickly rise to the top of the global semiconductor industry,” Schumer said in a news release. “Foreign investment between the United States and Japan has always been a two-way street, and as global reliance on chips increases, we have an opportunity for both countries to power the semiconductor industry by working together. It’s clear — building in Upstate New York means big investments for the semiconductor industry and global economy, no matter if you are in New York or Nagasaki!”