Micron Plans to Invest Up to $100 Billion in NY Chip Factory (1)

Micron Technology Inc. said it plans to invest as much as $100 billion over the next 20 years to build a factory in upstate New York to boost US production of memory chips.

The announcement on Tuesday represents the largest private investment in New York state history, Boise, Idaho-based Micron said. The company said the first phase investment of $20 billion, in Clay, New York, is planned by the end of this decade and that it will be the largest semiconductor facility built in the US. The chips will supply mobile devices, data centers and electric vehicles.

The New York ...