The Biden administration has reached a preliminary agreement with Micron, a semiconductor manufacturer based in Idaho, to invest $6.1 billion in the construction of two manufacturing hubs. One of the hubs will be located in Clay, New York, near Syracuse, while the other will be built in Boise, Idaho. President Biden is expected to visit Syracuse on Thursday to highlight the benefits of this agreement and showcase Micron’s achievements.
The investment is part of the bipartisan CHIPS and Science Act and is seen as a significant step towards strengthening the semiconductor industry in the United States and ensuring its competitiveness in the global market. During his visit, President Biden is expected to deliver remarks at 2 p.m. EDT and provide more information on this announcement.
Micron’s investment will create thousands of jobs and drive economic growth in both New York and Idaho. The video above provides more details on this exciting announcement by the Biden administration.
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