Micron to build massive Syracuse, N.Y. factory

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
The Micron computer chip company plans to build a sprawling factory near Syracuse that would cost up to $100 billion over two decades, create almost 50,000 jobs and amount to the largest private investment in the history of New York, officials said Tuesday.

Micron said it will build the plant in the town of Clay, about 10 miles outside Syracuse, and that construction will begin in 2024 following prep work next year. The blueprint calls for a factory that would cover some 40 football fields and include the largest cleanroom, or dust-free engineering space, in the U.S.

“It’s almost an understatement to say today is a great day,” Schumer, a New York Democrat, said Tuesday. “It is a transformative day: a great day for Syracuse, a great day for upstate New York, and a great day for America.”

At the news conference, Gov. Hochul described the project as “stunning in its scale” and said it would be “life-changing” for the people of New York. She called it the “investment of the century.”

https://www.msn.com/en-us/news/poli...A12AWEr?cvid=e40726cd6f0d48aab74e4017ca95bd45
 
And New York emerged as a major winner from the federal package. The plant in Clay is expected to be the largest semiconductor manufacturing investment in U.S. history, according to Micron.

In a statement, Biden described the project as a “win for America,” and said the U.S. is growing its economy “from the bottom up and the middle out.”

“To those who doubted that America could dominate the industries of the future, I say this – you should never bet against the American people,” the president said in the statement.
 
1) 50,000 jobs?
How the fuck will this plant, possibly create 50,000 jobs?
And I do NOT care about 'residual', bullshit jobs.
I almost GUARANTEE you that 50,000, separate jobs will NOT be directly created by this factory.

2) Clearly, this ENTIRE enterprise is due to federal and state incentives (like the CHIPS Act).
And what if those incentives are pulled later?
The whole thing, almost certainly, goes bye bye.

Though, the fact that the CHIPS Act is against China bodes well...as the threat from China will almost certainly not wane anytime soon.

But basing major, economic news that is close to 100% dependent on government incentives is EXTREMELY risky.
 
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McRocket said:
1) 50,000 jobs?
How the fuck will this plant, possibly create 50,000 jobs?
And I do NOT care about 'residual', bullshit jobs.
I almost GUARANTEE you that 50,000, separate jobs will NOT be directly created by this factory.

2) Clearly, this ENTIRE enterprise is due to federal and state incentives (like the CHIPS Act).

And what if those incentives are pulled later?
The whole thing, almost certainly, goes bye bye.

The fact that the CHIPS Act is against China bodes well...as the threat from China will almost certainly not wane anytime soon.

But basing major, economic news that is close to 100% dependent on government incentives is EXTREMELY risky.
Click to expand...

NYS has some of the highest property taxes in the country. The typical deal with a corp like this, along with other incentives, is to give a decreasing tax rate over a 20 year period.

About 28 years ago, a major brewery in this same area made it to year 17 before they moved out. I doubt this will make it that far. Once the chips that they are making are obsolete, they will declare bankruptcy and be gone.
 
MAGA MAN said:
NYS has some of the highest property taxes in the country. The typical deal with a corp like this, along with other incentives, is to give a decreasing tax rate over a 20 year period.

About 28 years ago, a major brewery in this same area made it to year 17 before they moved out. I doubt this will make it that far. Once the chips that they are making are obsolete, they will declare bankruptcy and be gone.
Click to expand...

This is being built with largely federal money not the corporations money, and the location of where to spend it was largely a political decision...which Schumer is now bragging about.

https://www.cnbc.com/2022/10/04/micron-to-spend-up-to-100-billion-to-build-new-york-chip-plant.html
 
The chip makers played hard ball, they flat out refused to build American capacity unless the government paid for most of it.
 
MAGA MAN said:
So they did so in the politically shittiest place in America.
Click to expand...

Its all shit now....America is a very corrupt ignorant country now, a Superpower failing....a society failing.....in collapse ready.

And almost none of these ignorant fucks understand what is happening.

SAD
 
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