Micron Pledges Up to $100B for Semiconductor Factory in New York

Incredible news for Upstate NY.

I think it’s one of the great untapped regions of America, and all signs are pointing towards it booming in the future.

Proximity to major markets: excellent access to NYC, Boston, Buffalo, Philadelphia markets and more

Weather: bad, but improving with global warming and minimally negatively impacted (drought resistant, no coasts to flood)

Outdoors: Adirondacks, finger lakes, tons of gorges and waterfalls and such

Education: tons of colleges (Cornell, Colgate, SUNY, Ithaca, Hamilton, Syracuse)

nxm 3y ago ↗

Bad: High taxes and burdensome regulations

lrx 3y ago ↗

False. Not bad enough to discourage a potential $100B semiconductor factory.

I don’t know either way but it’s probable they got big tax breaks in this case

What are some examples of burdensome regulations? As I understand it it’s a major hub for fracking, which doesn’t make sense with it being burdensome

It’s interesting a company with a market cap of under $60B and under $30B annual revenue can pledge so much. I guess that’s finance for you

That’s the Foundry business. Huge capital expenditures to build Fabs.

Micron Pledges Up to $100B for Semiconductor Factory in New York (nytimes.com)