President Joe Biden will visit Central New York next week on the heels of an announcement of funding for Micron, US Senate Majority Leader Chuck Schumer told Spectrum News 1 on Thursday.
The president’s planned visit has no details at this time, but comes as Schumer announced that Micron has agreed to a preliminary deal that would unlock more than $6 billion in federal funding toward its chip-manufacturing plans in the region.
Schumer’s office said the company has agreed to a $6.1 billion preliminary memorandum of terms, or a PMT funding agreement, covering its Micron project in Clay, near Syracuse, and one in Idaho. Schumer’s office said it’s tied to the larger $100 billion plan to build four chip fab plants in Central New York.
The money would come through the federal CHIPS and Science Law, which Schumer was one of the lead legislative architects of in 2022.
This will be Biden’s second visit to Central New York in less than two years. He visited in 2022 shortly after the announcement of Micron’s investment in the region, saying at the time that the region “is poised to lead the world in advanced manufacturing.”
