Trump Unlikely to Repeal Biden Chips & Science Act, Could Boost Micron Syracuse & Clay Semiconductor FAB Chips Plant
The future of the CHIPS and Science Act has become a hot topic since President-elect. Donald Trump criticized it on Joe Rogan podcast, calling it so bad; Despite this criticism, experts and industry analysts believe a complete reversal seems unlikely.
Strong bipartisan support and real progress in domestic semiconductor manufacturing. I suggest that the CHIPS Act will remain mostly unchanged.
Trump might adjust the implementation rules rather than scrap the program entirely.
These changes could make things easier for manufacturers like Micron that create so many high-paying jobs in Syracuse, North Syracuse, Baldwinsville, Clay, Liverpool, Cicero, Salina, Geddes, VanBuren, Lysander,Fayetteville, Manlius, Radisson, Bayberry, Mattydale, Village Green, Seneca Knolls, Skaneateles, Bridgeport,Minoa, Camillus, Marcellus Warners, Elbridge, Dewitt, Phoenix, Brewerton, Palermo, Pennellville, Hastings, Central Square, Fulton, Volney, Schroeppel, NY.
This news matters a lot to the Syracuse region, especially Clay, NY. Micron Technology plans to invest up to $100 billion over 20-plus years 3 in a semiconductor plant. The project size is remarkable. Plans include four 600,000-square-foot cleanrooms that add up to 2.4 million square feet of cleanroom space - about the size of 40 U.S. football fields.
The CNY, NY region can expect these economic benefits:
1. Around 9,000 direct Micron jobs
2. About 5,500 construction positions
3. Nearly 50,000 indirect jobs in related industries
4. A $250 million boost to the Green CHIPS Community Investment Fund
A Trump Administration Might Change
Some CHIPS Act Guidelines:
· No more workforce and union labor rules
· Faster environmental permits
· Fewer climate and environmental requirements
· No mandatory child care provisions
Jack Gold from J.Gold Associates believes these would be minor tweaks rather than major changes. Recent developments support this view. On Nov, 15th 2024 the finalized 6.6 billion deal was sealed with Taiwan Semiconductor Manufacturing Company creates binding contracts that would be hard and expensive to undo.
Senator Chuck Schumer, D-N.Y., feels confident about the CHIPS and Science Act future because of its bipartisan nature. Local leaders share this optimism. Onondaga County Executive Ryan McMahon thinks potential changes could accelerate environmental approvals for Micron's, Clay facility.
The CHIPS Act importance becomes clear when you look at the current U.S. semiconductor production. Americans make only 10 percent of the world semiconductors. Now you can see with vitually everything needing a chip, well we are behind, however all these new and expanded semiconductor chips plants and american inguenity we will be leading in chips soon as well.
This shows why domestic production matters so much. Private investments have reached nearly $450 billion across 28 states thanks to the CHIPS Act, according to the Semiconductor Industry Association. National security concerns and this momentum make major changes politically risky. Semiconductor chip fabs and tech companies might benefit from lighter regulations.
Darrell West at the Brookings Institution points out that Trump understands the need to compete with China in critical technologies. This could lead to policies that help semiconductor companies grow.
Clay, NY, Micron's 4 fab chip semicondutor plant
Micron's Clay, NY massive 4 fab chip semicondutor plant could benefit from simpler regulations. The 1,400-acre project 4 fab chip semicondutor plant shows how streamlined rules could speed up domestic semiconductor production while keeping essential standards. This project means more than just local jobs. Micron aims to boost its U.S.-based DRAM production will reach 40% of the global output within ten years. The CNY Clay, NY facility plays a key role in achieving semiconductor independence.
Rep. Claudia Tenney supports the project but sees room for improvement. She suggests new laws could & quote; further streamline and improve the primary purpose of the bill—to eliminate its costly regulations and Green New Deal requirements.
Daniel Castro from the Information Technology and Innovation Foundation thinks Trump will focus on reducing government interference while supporting critical tech policies 10.
This approach could help the semiconductor industry grow faster.Syracuse, North Syracuse, Baldwinsville, Clay, Liverpool, Cicero, Salina, Geddes, VanBuren, Lysander, Fayetteville, Manlius, Radisson, Bayberry, Mattydale, Village Green, Seneca Knolls, Skaneateles, Bridgeport, Minoa, Camillus, Marcellus, Warners, Elbridge, Dewitt, Phoenix, Brewerton
ABOUT KH REALTY GROUP AT BERKSHIRE HATHAWAY CNY REAL ESTATE
KH Realty Group at Berkshire Hathaway CNY Real Estate
is committed to deliver excellent service to their clients. Since 1993 we have been buying, selling and managing CNY real estate. Maybe you are moving to our community to work on the construction phase of Micron fab semiconductor chip manufacturing and since many construction workers will be here for many years would like to bring your family.
We can help you rent or buy a home where your close to the Micron worksite and we can also help you find the neighborhoods with the best schools for your children. Kevin Hagan Owner-Broker of KH Realty Group at Berkshire Hathaway CNY has lived and worked here over 40 years, he knows the best CNY towns, communities & schools, and it would be our pleasure to help you anyway we can. In 2001 we formed a maintenance company to perform routine grounds maintenance and repair service for CNY property owners and management companies throughout Onondaga county. Kevin Hagan is a licensed real estate agent, realtor & broker.
Kevin is a million dollar producer and has earned top production awards and completed millions of dollars in real estate transactions helping buyers and sellers in the biggest financial transaction they will ever make. If you are looking to sell, buy or need help with managing your CNY rental homes, condos or other real estate you are in the right spot! Have questions give Kevin Hagan a call at 315-715-2949
KH Realty Group has been committed to delivering excellent real estate management service to our clients since 1993 in the greater Liverpool, NY area. KH Realty Group follows the BHHS CNY Realty Standard Operating Procedure. Contact us today for free consultation and see how KH Realty Group can help you.
