Micron awarded $6.1 billion in federal funding to build Town of Clay megafab

WASHINGTON, D.C. (WSYR-TV) — Micron will receive $6.1 billion in federal funding to support the construction of its $100 billion megafab campus in the Town of Clay, Senate Majority Leader Chuck Schumer confirms to NewsChannel 9.

The deal is considered a preliminary memorandum of terms (PMT) with the U.S. Department of Commerce, which outlines funding for Micron’s project in Central New York and a smaller expansion in its world headquarters of Boise, Idaho.

Micron’s campus will be built over the next 20 years, eventually bringing 50,000 jobs across four plants at White Pine Commerce Park in Clay. The company’s plans call for building cleanroom space that will cover about 2.4 million square feet, the size of almost 40 football fields.

Schumer said: “Without the federal incentives funded by the CHIPS and Science Law I Led to passage, including the Commerce CHIPS funding and the investment tax credit, Micron and other major chips projects in New York and around the country would not be happening at the transformational scale that is occurring.”

“To all those who have had their doubts, believe it, Micron is here, Micron is real,” said Schumer.

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