ON THE HEELS OF HIS HISTORIC BIPARTISAN CHIPS & SCIENCE BILL BECOMING LAW, SCHUMER JOINS GOVERNOR KATHY HOCHUL FOR THE SIGNING OF NEW YORK’S GREEN CHIPS PROGRAM INTO LAW; SCHUMER SAYS HIS FEDERAL SEMICONDUCTOR INVESTMENTS WILL BE A LIGHTING ROD TO ATTRACT NEW FABS, AND NY’S NEW INCENTIVES WILL SUPERCHARGE EFFORTS TO ATTRACT MAJOR COMPANIES, CREATE THOUSANDS JOBS, & MAKE UPSTATE NY THE EPICENTER OF AMERICAN MICROCHIP MANUFACTURING
Semiconductor Chips Are Integral To Everyday Life From Cars To Refrigerators, But Most Are Not Made In The U.S. Threatening National Security, Worsening Inflation and Increasing Costs For Families, & Weakening U.S. Competitiveness
Schumer’s Historic Billions In Fed Investment For Innovation and American Chip Manufacturing Was Just Signed Into Law Boosting Tech And Manufacturing In Every Region; Now Governor Hochul Signs New York’s Complementary Legislation To Supercharge Upstate’s Potential To Land More Chip Fabs
Schumer & Hochul: Our Bills Are The One-Two Punch The Empire State Needs To Land Major New Investment, Create Thousands Of Jobs, And Make Upstate New York The Epicenter Of Microchip Manufacturing
Albany, NY - Senate Majority Leader Chuck Schumer (D-NY), following his historic CHIPS & Science legislation becoming law this week, today attended the bill signing for New York’s companion legislation to create the Green CHIPS program. Schumer said that this bold program championed by Governor Hochul will build on the federal semiconductor manufacturing incentives created by his legislation to help attract major semiconductor companies and their supply chains to New York, create thousands of good-paying manufacturing and construction jobs, all while strengthening our national security, lowering costs for families, fighting inflation, and promoting environmental sustainability.
“New York has all the ingredients to be America’s preeminent hub for semiconductor manufacturing and R&D, and the combination of my new federal microchip fab -incentives with the state’s new Green CHIPS program will be the one-two punch Upstate New York needs to land major investment and create thousands of good-paying jobs in an industry that will dominate this century. Simply put – this is the 21st Century’s Erie Canal!” said Senator Schumer. “I applaud Governor Hochul for her bold, decisive action to ensure the future of America is built by New York hands and her partnership in fighting to make the Empire State the global capital for microchip manufacturing.”
Schumer added, “When you combine the chip manufacturing potential at sites like White Pine Commerce Park in Central New York, Marcy Nanocenter in the Mohawk Valley, and STAMP in Genesee County, with Globalfoundries and Wolfspeed’s existing plants, onsemi soon acquiring a facility in East Fishkill, and a robust supply chain, all coupled with an unparalleled workforce and world-renowned research capabilities at the Albany Nanocenter and across the SUNY system and the state’s universities and labs, there is no question New York is better suited than anywhere in the nation to lead the fight for our future and revive the American semiconductor industry.”
Schumer explained that New York is uniquely suited to take advantage of the federal investments he just secured in his legislation for semiconductor manufacturing, and that New York’s Green CHIPS program further boosts the state’s chances of landing major new microchip manufacturing fabs and the thousands of jobs that come with them. New York is currently home to over 80 semiconductor companies that employ over 34,000 NY workers.
New York’s Green CHIPS program will provide complementary state incentives to the new federal semiconductor investments. Similar to the requirements in the federal incentives, the new state program require recipients of incentives to pay prevailing wages for the construction jobs building facilities and to deliver tangible community benefits, including investment in the broader community, workforce training, and pathways to jobs for disadvantaged workers.
A full breakdown of Schumer’s CHIPS and Science bill that was signed into law this week by the president and its impacts on every region of New York can be found here.
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