ALBANY, NY (WENY)--THURSDAY PRESIDENT JOE BIDEN ANNOUNCED UP TO A $6 BILLION AGREEMENT WITH MICRON UNDER THE CHIPS AND SCIENCE ACT.  

THIS FUNDING WILL SUPPORT THE CONSTRUCTION OF TWO FABS IN UPSTATE NEW YORK INTENDING TO PRODUCE ADVANCED MEMORY CHIP MANUFACTURING AND CREATE TENS OF THOUSANDS OF JOBS. 

United States SENate majority leader CHUCK SCHUMER (D-N.Y.) SAid THE AGREEMENT WITH MICRON IS A SIGNAL FOR NEW YORKERS THAT A NEW ERA HAS COME FOR PROSPERITY.  

“This is a historic day, a historic investment, and a historic moment for Syracuse, for upstate New York and really for all of America,” said Sen. Schumer. 

SEN. SCHUMER SAid MEMORY CHIPS ARE ESSENTIAL FOR EVERYTHING, FROM CELL PHONES TO CARS TO DEFENSE TECHNOLOGY AND PARTICULARLY TO NEW INNOVATIONS LIKE ARTIFICIAL INTELLIGENCE.  

“We’re already seeing AI revolutionize our world and grow at unprecedented pace. We cannot, cannot have these chips made overseas especially by competitors like China,” (13 seconds).  

SCHUMER ALSO SAYS MICRON WILL BOOST MANUFACTURING AND ECONOMIC DEVELOPMENT FOLLOWING A TIME WHERE COMMUNITIES LIKE UPSTATE NEW YORK FACED PAINFUL LOSSES OF MANUFACTURING JOBS.  

“People will be coming to Syracuse, not leaving Syracuse to get good paying jobs. So, it’s writing a new chapter for places like Syracuse and for upstate New York,” he said. 

SENIOR ADMINISTRATION OFFICIALS SAid THE FABS IN NEW YORK WILL BE READY FOR PRODUCTION IN THE YEARS 2028 AND 2029.