The Biden administration has recently reached a preliminary agreement with Idaho-based semiconductor manufacturer Micron as part of the CHIPS and Science Act. This investment will support the construction of two manufacturing hubs, one in Clay, N.Y. and one in Boise, Idaho.
President Biden will be visiting Syracuse, N.Y. to highlight the benefits of this partnership with Micron. He is scheduled to deliver remarks at 2 p.m. EDT, discussing the importance of this investment for the semiconductor industry and its impact on local economies and job creation.
This initiative is part of the administration’s efforts to strengthen domestic semiconductor manufacturing and reduce reliance on foreign supply chains. The construction of these manufacturing hubs represents a major step towards achieving these goals and securing America’s technological future.
The CHIPS and Science Act is a bipartisan effort to drive innovation in semiconductor manufacturing and maintain America’s leadership in the industry. The agreement includes up to $6.1 billion in federal funding, making it a significant achievement for both the Biden administration and the semiconductor industry as a whole.
