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SCHUMER STATEMENT ON TWO-YEAR ANNIVERSARY OF HIS HISTORIC CHIPS & SCIENCE LAW, WHICH IS DELIVERING BILLIONS TO UPSTATE NY & CREATING THOUSANDS OF NEW, GOOD-PAYING JOBS & BRINGING MANUFACTURING BACK FROM OVERSEAS TO BUILD AMERICA’S FUTURE IN UPSTATE NY

New York, N.Y. – U.S. Senate Majority Leader Charles E. Schumer released the following statement on the two-year anniversary of his CHIPS & Science Law, which has brought hundreds of billions of dollars of new investments to Upstate NY & across America:

“Today marks two years since my historic CHIPS & Science bill became law. From cars and smartphones to AI and our nation’s most sensitive defense technologies, semiconductors are critical to our daily lives and the future of technology and the preeminence of America in the global economy, but as the chip shortage during the pandemic showed, when we don’t shore up our supply chains and make these chips in America it can sky rocket prices and threaten our national security. I crafted this law with Upstate NY as my north star, because I knew that with targeted federal investments the communities that powered America’s industrial past, like those in Upstate NY, could be the ones to build its future and bring this critical manufacturing back from overseas, in places like China, to America. We have already seen hundreds of billions of dollars in proposed investments to build up the chip industry in the U.S., with New York as an epicenter, all of which will create tens of thousands of new, good-paying jobs. Between Micron’s historic $100 billion proposed investment in Central New York, and other major investments from companies like Wolfspeed in the Mohawk Valley, Edwards Vacuum in Western New York, and GlobalFoundries in the Capital Region, the level of investment we’ve seen in Upstate NY over the past year is unprecedented and transformational. America’s semiconductor superhighway runs through the heart of Upstate NY, and this is only the beginning.”

Upstate New York has seen major proposed investment and significant federal awards as a direct result of Schumer’s CHIPS & Science Law:

  • Micron has announced an historic $100 billion investment to build a cutting-edge memory megafab in Central New York, which is expected to create up to 50,000 good-paying jobs across the region. Schumer personally worked for years to secure Micron’s investment, including passing the necessary federal incentives into law for Micron to invest in the U.S. and directly negotiating with Micron’s CEO on making New York Micron’s choice for the largest private investment in New York State history, and one of the largest in U.S. history. Following relentless advocacy from Schumer, Micron entered into a preliminary memorandum of terms that will unlock over $6 billion in federal funding through his CHIPS & Science Law for chip-manufacturing in New York and Idaho, ensuring advanced memory production will occur in the U.S., shoring up domestic supply chains for major growth industries like AI and for our national security. Schumer has also worked with Secretary of Commerce Gina Raimondo in supporting a $2.5 million federal investment in the County of Oswego Industrial Development Agency to help attract even more manufacturing investment in the region.
  • GlobalFoundries agreed to expand its domestic production in New York and Vermont, including by investing billions of dollars in constructing a new advanced chip factory in Malta, NY, bringing thousands of new manufacturing and construction jobs over the next decade across the two states, following $1.5 billion in support that is part of a PMT GlobalFoundries entered into to unlock federal CHIPS incentives. Schumer has worked with the Department of Defense to partner with GlobalFoundries on delivering critical chips for the military, leading to investments like the $117 million Defense Production Act Title III agreement announced two years ago to provide a strategic supply of U.S.-made semiconductors for critical national security systems. Schumer brought Secretary Raimondo to GlobalFoundries in July 2021 to see the tremendous potential for expansion at GlobalFoundries given the demand for their chips, if federal CHIPS incentives could be secured. In addition, spurred by his CHIPS & Science law, GlobalFoundries has also entered into major strategic partnerships with industry leaders like Lockheed Martin to advance U.S. semiconductor manufacturing and increase the security, reliability, and resiliency of domestic supply chains for national security systems.
  • The Buffalo-Rochester-Syracuse region received the federal Tech Hub designation late last year after years of advocacy from Schumer. Schumer then delivered a $40 million award from his CHIPS & Science Law as one of the first Tech Hub implementation grants to supercharge tech workforce training, grow new companies, and strengthen the semiconductor supply chain.
  • The Northeast Regional Defense Technology Hub (NORDTech) consortium last year received a $40 million award from the Department of Defense’s Microelectronic Commons Program, one of the first major CHIPS awards from Schumer’s CHIPS & Science Act. The grant will allow partners to bolster workforce training programs for the semiconductor industry and add new state-of-the-art microelectronics equipment.
  • The Binghamton University-led Battery Hub won up to $160 million in January through the esteemed U.S. National Science Foundation’s Regional “Innovation Engines” Competition (NSF Engines) and also received a Tech Hub designation which was created by the CHIPS & Science Law. Schumer previously delivered a historic $113+ million in 2022 for Binghamton University’s New Energy New York to establish its battery manufacturing & innovation hub.
  • Edwards Vacuum will invest $300+ million to build a 600 job U.S. dry pump manufacturing facility in Western New York’s Science & Technology Advanced Manufacturing Park (STAMP) to supply the semiconductor industry. Senator Schumer personally called Geert Follens, Vacuum Technique Business Area President, Atlas Copco, to urge Edwards Vacuum, a global semiconductor supply chain company, to expand in Upstate New York and has long supported STAMP's development and to attract new semiconductor and advanced manufacturing companies to locate at STAMP. Schumer recently celebrated the groundbreaking of this first dry pump manufacturing facility for the semiconductor industry to be located in the U.S., where production is expected to begin by late next year.
  • Wolfspeed near Utica opened the first, largest, and only 200mm silicon carbide fabrication facility in the world with over $1 billion invested in the Mohawk Valley and 600 new jobs created. Schumer has worked closely with Wolfspeed’s CEO for years to pass into law the CHIPS and Science Act and is working with the company to consider further expansion of their Mohawk Valley site, something that the company is considering with the federal CHIPS incentives now in place.
  • IBM has indicated an interest to invest billions across Upstate NY to increase its research and development (R&D) of technologies in the semiconductor, quantum computing, and other high-tech industries. In July 2021, Schumer arranged for Secretary Raimondo to meet with Albany Nanotech leaders, including IBM, to discuss the tremendous chip R&D potential of Upstate New York. IBM’s investment will include their partnership with Albany Nanotech that will be central to Upstate New York’s bid to be a major hub for the National Semiconductor Technology Center (NSTC), which Schumer created in the CHIPS & Science Law.
  • Corning Incorporated, which manufactures glass critical to the microchip industry at its Canton and Fairport, NY plants, announced a $139 million investment in Monroe County and that will create over 270 new, good-paying jobs in the Finger Lakes region. Corning is considering expansion because of the support for suppliers in the CHIPS federal incentives that Schumer included in the CHIPS & Science law. As a result of Upstate New York’s Tech Hub designation and subsequent funding from Schumer’s CHIPS and Science Law, many graduates of local universities such as Monroe Community College are employed by Corning and will continue to be employed as Corning continues to invest in the region.
  • Menlo Micro announced an over $50 million investment to build their first domestic microelectronics fab facility in Tompkins County, creating over 100 new good-paying jobs. The switches Menlo Micro manufactures are a vital component of the microelectronics industry, supporting the growth of the domestic semiconductor industry that is being driven by Schumer’s CHIPS & Science Law. The senator personally called Menlo Micro’s CEO two years ago to urge them to invest in Upstate New York for the future growth of their technology.
  • TTM Technologies, a leading global manufacturer of technology solutions, announced a $130 million investment to build a high-tech manufacturing facility in Central NY, creating over 400 jobs. TTM cited the Tech Hub designation Schumer secured for the region as a reason for wanting to locate in Upstate NY.

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