President Biden will announce a historic, game-changing investment in chip manufacturing that will create 70,000 good-paying jobs.
According to a fact sheet from the Department of Commerce:
The Department of Commerce has reached a tentative agreement with Micron to provide up to ~$6.14 billion in direct funding under the CHIPS and Science Act. This investment will support the construction of two plants in Clay, New York, and one plant in Boise, Idaho, unlocking $50 billion in private investment by 2030 as the first step toward Micron’s investment of up to $125 billion in both states in the next two states. decades to build a leading memory manufacturing ecosystem.
Micron’s total investment will be the largest private investment in the history of New York and Idaho and will create more than 70,000 jobs, including 20,000 direct construction and manufacturing jobs and tens of thousands of indirect jobs. During his visit, President Biden will discuss how his Investing in America agenda is building our economy from the center and bottom up, mobilizing an economic comeback in communities like Syracuse and strengthening America’s national security.
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How good are the jobs being created?
Consider these two points from the Department of Commerce about the jobs being created:
Childcare: Micron is committed to providing affordable, accessible and high-quality child care to its employees at all of its facilities, and is building new child care facilities in both Idaho and New York, and partnering with local child care providers to provide subsidized care.
Right to organization: Micron has affirmed that it respects the rights of employees to organize, to share feedback without fear of reprisal, and to bargain collectively. The government strongly supports these rights and expects Micron to neither hold mandatory public meetings nor hire anti-union consultants.
What they’re saying about Biden’s historic jobs investment
Senate Majority Leader Chuck Schumer (D-NY) told PoliticusUSA on a call with reporters:
The $6.1 billion investment from our chips and science has driven Micron to bring leading memory chip manufacturing back to the United States for the first time in two decades. Deliver more than $125 billion in new investments in central New York and Idaho, creating tens of thousands of good-paying jobs, including thousands of good-paying union construction jobs. Building the factories. Micron is the largest private investment in New York history. And we have a long and deep history. So that’s an amazing, amazing statistic. We’re bringing advanced memory chip manufacturing to the US.
As you know, memory chips are essential for everything from mobile phones, to cars, to defense technology, and especially for new innovations like AI, which rely on memory chips for the GPUs that are so necessary for AI to work. And we are already seeing AI revolutionizing our world and growing at an unprecedented pace. We can’t have these chips made abroad, especially by competitors, just like we can’t let China be the sole supplier. Micron’s historic investment will be nothing less than a transformation to New York State. We’re rebuilding New York’s economy from the bottom up and the middle, one microchip at a time. Our country will be economically more secure because of Micron. Our national security will be stronger because of Micron. And our country will once again have Syracuse and New York State at the heart of its production. The pandemic has shown us that we cannot rely on supply chains abroad.
Biden is transforming America’s economic future
President Biden is making good on his promise to rebuild American manufacturing from the bottom up with good-paying union jobs, allowing America to get back to making things in our country.
Biden’s presidency has already been transformative, and if he wins a second term, the president will be able to chart a course that will make America the world leader in advanced manufacturing.
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