Micron Pledges Up to $100B for Semiconductor Factory in New York(nytimes.com)
nytimes.com
Micron Pledges Up to $100B for Semiconductor Factory in New York
https://www.nytimes.com/2022/10/04/technology/micron-chip-clay-syracuse.html
9 comments
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.
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)
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)
Bad: High taxes and burdensome regulations
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