Will help develop state’s semiconductor industry
ALBANY — Gov. Kathy Hochul is creating an office that will oversee both Micron Technology’s (NASDAQ: MU) $100 billion investment for a semiconductor campus in Clay and the state’s overall effort to develop its semiconductor industry.
Hochul’s office refers to it as GO SEMI, which is short for the Governor’s Office of Semiconductor Expansion, Management, and Integration. The governor announced her plan to create the office during her Jan. 10 State of the State address in Albany.
Empire State Development will lead GO SEMI with support from experts from numerous state agencies. It will work in coordination with federal and local partners and oversee investments in the semiconductor industry. GO SEMI will also help form and implement a broader, national model for “maximizing industry and community returns” on such public/private partnerships.
“Micron’s historic investment in New York State will create thousands of jobs, cement our manufacturing leadership, and is a testament to businesses seeing opportunities to relocate, grow and thrive in our state,” Hochul contended. “Our forward-thinking new GO SEMI office will build on that groundbreaking momentum, bringing public and private sector partners together to attract even more investment, jobs and businesses to New York State.”
The creation of GO SEMI follows Micron’s proposed $100 billion investment in Central New York to build the largest memory chip fab in the world, along with the opportunity for growth resulting from New York’s Green CHIPS program and the federal CHIPs and Science Act.
Micron plans to create nearly 50,000 jobs statewide, including 9,000 new high-paying Micron jobs with an average annual salary of over $100,000 and more than 40,000 community jobs. The project will also create thousands of prevailing-wage construction jobs, Hochul’s office noted.
When complete, the complex will include the nation’s largest clean-room space at about 2.4 million square feet, the size of nearly 40 football fields.