Hot DRAM, Micron promises $100B for 'largest chip fab in US history' Micron has committed to a $100 billion memory chip fabrication plant in New York State, just days after saying it was cutting back on investment because of weakening demand in the semiconductor market. The new facility will be the largest semiconductor fabrication plant in the history of the United States, Micron claims, with …
> a $100 billion memory chip fabrication plant in New York State
Would you like some microchips with your pork?
Oh, you thought Micron was going to pay all that money?
Like the Boise facility, some of the investment for the New York megafab is set to come from funding made available through the federal government's CHIPS and Science Act
"The company are contributing a full colour rendering at their own expense"
Wow, they are already at the CGI rendering phase of the project? That's fast work. Or are they just recycling the art from a previously promised facility? It must be old art or the roof would be covered in solar panels they'd never really intend to install.
This post has been deleted by its author
Well since I moved out of New York state last year to another New(ish) England state, just my federal tax $$$$ for this one.
"Corporate share of federal tax revenue has dropped by two-thirds in 60 years — from 32% in 1952 to 10% in 2013" (per https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-corporate-tax-rates/)...Now we pay for companies to show up.
Not that I'm denying that chip plants are the new steel mills of the 21st century, and thus are required for national security, etc.
-- Former C programmer && Unix/Linux Sys Admin (that made a good living via Moore's Law effect on technology, over many decades)
"Micron will scarf the $100 billion subsidies, pay it all out as executive bonuses and share buybacks, and end up opening some kind of factory that makes washing machines before closing it because it's unprofitable."
The other tactic might be to open a much smaller facility since due to export laws they'll only be able to make chips for the US market. Once that is going they'll claim the international landscape has changed and in order to open another plant, they'll need a larger subsidy, free land, ten year tax abatements and extraterritoriality for the land they'll build the executive's homes and airport on. If they want to hold drunken parties where there may be underage girls, they don't want to be hassled by US law over it.
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2025
