The Biden administration recently announced 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.
The agreement includes up to $6.1 billion in federal funding and is seen as a significant achievement. 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.
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.
President Biden’s visit to Syracuse will emphasize the impact of this agreement on the local economies and job creation. The CHIPS and Science Act is a bipartisan effort to drive innovation in semiconductor manufacturing and maintain America’s leadership in the industry.