Keep Going, Brandon!

How does he make it look so easy?

 

CHIPS investment helping to fuel largest semiconductor facility in the US. $100B investment in New York. If we are not ready to fight for Taiwan we better be ready to build our own chips

Hot DRAM, Micron promises $100b for 'largest chip fab in US history' (msn.com)

Micron has committed to a $100 billion memory chip fabrication plant in New York State, just days after saying it was cutting back on investment because of weakening demand in the semiconductor market.…

The new facility will be the largest semiconductor fabrication plant in the history of the United States, Micron claims, with construction and investment stretching out over a long period of time: building it will take the next 20-plus years, and the first phase investment of $20 billion is scheduled for the end of this decade.

Micron said the new facility will be located near the town of Clay in Onondaga County, New York, and will complement the memory maker's previously announced high-volume manufacturing fab in Boise, Idaho. The site will eventually include four cleanrooms covering a total of 2.4 million square feet, approximately the size of 40 US football fields, the company claims.

Like the Boise facility, some of the investment for the New York megafab is set to come from funding made available through the federal government's CHIPS and Science Act, but it appears that Micron will additionally receive $5.5 billion in incentives from the state of New York over the life of the project, while the town of Clay and Onondaga County are also offering what is termed "key infrastructure support" for the new factory.

 

This is a real win for all Americans. Bringing back great paying jobs. Not trying to bring back jobs of yesterday, but the jobs of tomorrow.

 

Securing the supply chain is big. I just wonder why New York. Im sure it was financial with a power cost element. Do they have hydro power up there or good wind potential?

 

they have cuomo, all the big wind they need............./

 

I was about to quote your above message and ask the same question. NY seems like a strange choice.

 

So does Boise Idaho though. I think the proximity to existing facilities and management structure likely played a role along with major local tax incentives and a land accumulation already vetted to be able to support the facility. The town and county commitments made for infrastructure improvements to support the facility were not defined but may be substantial

note that construction is phased and not scheduled to be completed for 20 years

 

Nothing like speaking too soon. Happy OPEC Cutting 2 million barrels a day Day. Way too premature to spike the football on inflation and it's still way above any other time in the last 40 years.

I'm not seeing anywhere reputable calling for multiple Democrat gains in the Senate. The Dems already control the Senate anyway. The House is gone. Congrats. Biden is polling at -25% on the economy and -33% on inflation, two months after this post was made. If he's winning, nobody thinks so and thus it doesn't matter.

 

Without doing any research I just assumed the tax rates in Boise vs NY would be drastically different. But maybe where this is NY doesn't have crazy tax rates? I dunno. You're probably correct though with the incentives. That seems to be how most large business facilities get located these days

 

How the White House plans to spend $52 billion on semiconductor chip plants : NPR

President Biden is heading to an IBM manufacturing plant in Poughkeepsie, N.Y., on Thursday to tout a new $20 billion investment the company is making in semiconductor research and development as well as other advanced technologies. It's the second big tech manufacturing announcement this week, following news from Micron that it will spend $100 billion on a new computer chip plant in upstate New York.

The White House says the announcements are part of "a manufacturing boom" fueled by the CHIPS and Science Act, which Biden signed into law in August — a law that includes more than $52 billion in federal subsidies.

While Biden is traveling to New York, a high-powered group will gather at the White House for its first meeting on how best to get that money out the door.
"We need a whole-of-government approach, and we need to get everyone on the same page to figure out how we're going to deploy that $52.5 billion," said Ronnie Chatterji, who is coordinating the implementation of the CHIPS act.

...........

The White House says that the U.S. produces only about 10% to 12% of the world's supply of semiconductors, and none of the advanced chips, whereas East Asia accounts for 75% of global production. The White House wants to reverse that. "We invented this industry in the United States. I mean, there's a reason it's called Silicon Valley," said Chatterji, who was chief economist at the Commerce Department, and was part of former President Barack Obama's Council of Economic Advisers.

 

I don't want to nitpick, but I'm not sure why we're celebrating government spending money as some major accomplishment. Anybody can spend money and there are too many examples of government spending that have proven valueless over the years. Some programs work, some don't. I'm not saying this initiative on semiconductors will fail, but we should probably at least wait to see some results before celebrating it as some sort of achievement for Biden. Moving semiconductor manufacturing from Asia to the US won't be an easy endeavor.

 

no it won't be easy or cheap, but it is necessary to protect our own national security interests. I have no doubt we have the expertise, and it is a shame that the taxpayer has to help fund it but if we want to protect our supply chains it is what is needed. I would hope that the subsidies come with an explicit understanding that export controls may be put in place if shortages at home dictate it.