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

Posted by albertsun on Tuesday October 04, 2022 @02:09PM
from the nytimes.com dept.

( 9 comments | 26 points | on HN )

Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by killingtime74 on Tuesday October 04, 2022 @06:26PM (#33087961)

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

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by thoughtstheseus on Tuesday October 04, 2022 @06:41PM (#33088114)

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

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by cubecul on Tuesday October 04, 2022 @03:06PM (#33085179)

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by king_magic on Tuesday October 04, 2022 @03:23PM (#33085424)

Incredible news for Upstate NY.

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by thehappypm on Tuesday October 04, 2022 @03:54PM (#33085824)

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)

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by nxm on Tuesday October 04, 2022 @04:28PM (#33086326)

Bad: High taxes and burdensome regulations

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by lrx on Tuesday October 04, 2022 @05:46PM (#33087479)

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

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by killingtime74 on Tuesday October 04, 2022 @09:34PM (#33089922)

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

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Re:Micron Pledges Up to $100B for Semiconductor Factory in N... by thehappypm on Tuesday October 04, 2022 @06:10PM (#33087773)

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

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