Micron to invest up to $100 billion in New York chip plant

Micron Technology will invest up to $100 billion over the next two decades to build a semiconductor factory in upstate New York, the chipmaker announced Tuesday. The fabrication facility will be the largest in U.S. history and will support nearly 50,000 New York jobs, the company said. Micron will invest $20 billion by the end of the decade and plans to expand from there. The announcement comes after President Biden signed a bipartisan bill to provide lucrative new subsidies to companies that produce microchips in the U.S. Micron will also benefit from $5.5 billion in incentives from New York state….