Microns investing $100 billion to bring the countrys largest semiconductor fabrication facility to New York

Semiconductor company Micron is pledging $100 billion to build a chip factory near Syracuse, New York, the company announced in a press release on Tuesday. Micron says it's the “largest semiconductor fabrication facility in the history of the United States.”

The move comes as Micron looks to take advantage of the funding from the Biden administration’s $280 billion CHIPS and Science Act, which was passed in August. As part of the legislation, President Joe Biden is allocating $52 billion in funds to encourage chip companies to build fabrication sites in the US and recently signed an executive order to get the money to companies faster.

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