Micron Technology (MU) on Friday broke ground on its $100 billion memory manufacturing complex in Onondaga County, New York, and called it the largest semiconductor facility in the United States.
The chipmaker’s stock rose over 4% in premarket trading on Friday.
The facility is expected to generate 50,000 jobs in New York, while production is expected to start in 2030, Micron said.
“As the largest private investment in New York state history, Micron’s Central New York project will be home to the most advanced memory manufacturing in the world and will help meet the growing demands of AI systems and devices that are central to the modern economy,” the company said.
As part of the development, Micron plans to invest $250 million in workforce development, education, transportation, and housing through a community investment framework with Empire State Development.
Micron Chairman and CEO Sanjay Mehrotra was joined at the ceremony by officials from the Trump administration, New York state and local governments, among others.
Last year, Micron (MU) announced plans to expand its U.S. investments to around $150 billion in domestic memory manufacturing and $50 billion in R&D, creating an estimated 90,000 direct and indirect jobs.
The ~$200 billion broader U.S. expansion vision includes two high-volume fabs in Idaho, up to four high-volume fabs in New York, the expansion and modernization of its existing manufacturing fab in Virginia.