CHIPS Act funding could officially be designated for Micron’s Central New York project before the new year, according to Onondaga County Executive Ryan McMahon, as the Biden administration looks to doll out the money promised to semiconductor projects nationwide before President-elect Donald Trump takes over.
In April, President Joe Biden visited Syracuse to take a victory lap on the early signs of success of the landmark CHIPS and Science Act. It had just been announced that the U.S. Department of Commerce had set aside $6.1 billion of available funds to Micron to build in Boise, Idaho as well as the Town of Clay. It was part of a preliminary agreement – a key word that is fueling some anxiety after Trump criticized the merits of the CHIPS legislation ahead of election day. There is nothing legally binding Micron to Central New York; but that $6.1 billion becoming set in stone could push it over the line.
This week, chip manufacturer Global Foundries secured the $1.5 billion it was promised for its locations in Saratoga County and the State of Vermont back in February. McMahon believes that a similar announcement will be coming from Micron in the coming months, potentially as soon as December.
“The work has never stopped, elections won’t change the outcome of the project,” McMahon said, “our team was just at an event in San Francisco yesterday with Micron and suppliers meeting. The idea that this project is slowing down, that’s fool’s gold. This is moving full steam ahead.”
In a recent interview with Politico, U.S. Secretary of Commerce Gina Raimondo said the intention is to have most of the money related to CHIPS and Science dedicated while President Biden is still in office.
“I certainly want to have all the major announcements done as it relates to the big leading edge companies,” Raimondo said.
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