From PC Mag: The US government is granting American semiconductor firm Micron Technology up to $6.14 billion in funding to build new chip factories in New York and Idaho in a move estimated to create over 70,000 jobs, the White House announced Thursday. Micron itself plans to invest up to $125 billion in US chip manufacturing by 2030.
Micron is expected to build two new chip manufacturing plants in Clay, New York as part of the funding deal. It will also build a third in Boise, Idaho, where it already has a substantial presence. Micron will also receive state tax breaks from New York as it builds the new plants.
"Micron’s leading-edge memory is foundational to meeting the growing demands of artificial intelligence, and we are proud to be making significant memory manufacturing investments in the US, which will create many high-tech jobs," said Micron President and CEO Sanjay Mehrotra in a statement.
The three plants will likely create 20,000 direct jobs as well as another 50,000 indirect jobs as the plants begin construction, according to the release. Micron is also supporting apprenticeships at the new plants, supports worker union organization, and is entering into project labor agreements (PLAs), a type of construction-specific collective bargaining agreement, for the plants.
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