Industry News

Micron Technology (MU) to invest $250 million in fund for green chip community

Update time : 2022-10-29 11:25:42

Micron Technology (MU) and New York Governor Kathy Hatcher welcomed President Joe Biden and other federal, state and local officials to Central New York, where Micron plans to invest $100 billion over the next 20-plus years to build a storage mega-fab. With the signing of the Community Investment Framework, Micron will mark the initial community and workforce commitment it established with Empire State Development (ESD). The framework includes a $500 million Green Chip Community Investment Fund focused on supporting workforce development, education, community assets and organisations, affordable housing, and other measures to ensure that Central New York's workforce will have the advanced skills needed to sustain semiconductor manufacturing. Micron will invest $250 million in the fund, with an additional $100 million coming from New York and $150 million from local, other state and national partners.
Micron will also establish a community advisory committee comprised of 11 different community members, in addition to representatives from local and state governments and Micron Technology. The committee will determine the priorities and expected areas of investment for the fund. In this way, Micron and ESD aim to better understand and address the needs of Central New York communities and to make targeted investments throughout the region.
Governor Hatcher, Empire State Development Corporation CEO Hope Knight and Micron President and CEO Sanjay Mehrotra will work with local partners to sign the Community Investment Framework, supporting the spirit of partnering with ESD to invest in the region. Micron's plan to build a major facility in New York will create nearly 50,000 jobs, including approximately 9,000 high-paying Micron jobs, as a result of the bipartisan cooperation between Congress and the Biden Administration to pass the Chip and Science Act.

Previous : Google: Very Satisfied with the Tensor G2 Chip, AI Functions are More Important than Traditional Performance Benchmarks

Next : UMC: Q4 shipments may fall 10% YoY, lowers full-year capex to $3 billion

How many chips does a car need?

Sep .19.2024

Automotive chips can be divided into four types according to their functions: control (MCU and AI chips), power, sensors, and others (such as memory). The market is monopolized by international giants. The automotive chips people often talk about refer to

Position and Function of Main Automotive Sensors

Sep .18.2024

The function of the air flow sensor is to convert the amount of air inhaled into the engine into an electrical signal and provide it to the electronic control unit (ECU). It is the main basis for determining the basic fuel injection volume. Vane type: The

Chip: The increasingly intelligent electronic brain

Sep .14.2024

In this era of rapid technological development, we often marvel at how mobile phones can run various application software smoothly, how online classes can be free of lag and achieve zero latency, and how the functions of electronic devices are becoming mo

LDA100 Optocoupler: Outstanding Performance, Wide Applications

Sep .13.2024

In terms of characteristics, LDA100 is outstanding. It offers AC and DC input versions for optional selection, enabling it to work stably in different power supply environments. The small 6-pin DIP package not only saves space but also facilitates install

About Us

About Us What we do Quality People

Products

CHIP/IC Active devices Passive device Components OTHER

China electronic components supplier----Wah Luen Shing Electronic.----www.wlschip.com

Leave a message