SCHUMER CELEBRATES ONE YEAR ANNIVERSARY OF HISTORIC CHIPS & SCIENCE LAW HE CHAMPIONED -- SINCE PASSAGE, BIPARTISAN LAW HAS DRIVEN MAJOR INVESTMENT ACROSS UPSTATE NY-- BRINGING THOUSANDS OF GOOD-PAYING JOBS BACK FROM OVERSEAS AND BOLSTERING UPSTATE NY AS A NATIONAL HUB OF AMERICAN CHIP MANUFACTURING

Press Release

"Today marks one year since my historic bipartisan CHIPS & Science bill finally became law. This landmark legislation has already spurred major investment across Upstate New York, bringing thousands of good-paying jobs back from overseas, and breathing new life into Upstate New York's manufacturing legacy. I crafted the CHIPS & Science law specifically with Upstate NY in mind, and one year later, from Syracuse to the Hudson Valley, industry is now recognizing what I have long known- that Upstate NY is the premiere destination for building the technology of the future, and this is only the beginning. Between Micron's historic $100 billion proposed investment in Central New York, and other major investments from companies like Wolfspeed in the Mohawk Valley, Edwards Vacuum in Western New York, the potential expansion of GlobalFoundries in the Capital Region, and IBM and onsemi in the Hudson Valley, the level of investment we've seen in Upstate NY over the past year is transformational. The CHIPS & Science law is not just about restoring this critical industry for the United States, it is about ensuring our children and grandchildren can find good-paying jobs and grow their families in places like Upstate NY, in the communities that helped build America, and where now they can build a future for themselves, all while laying the foundation for the future of American manufacturing."

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