18 April 2024 – The Biden administration has struck a deal to provide Micron Technology with $6.1 billion in government funding so that it may manufacture sophisticated memory computer chips in New York and Idaho.
Senate Majority Leader Charles Schumer, a Democrat from New York, personally courted Micron to construct what turned out to be a quartet of chip plants in the hamlet of Clay, close to Syracuse.
In an interview on Wednesday, he said that the news showed voters that Democrats were bringing the industrial sector back to life. According to Schumer, “It will be the biggest memory chip plant in America.” “This is probably the best thing that has happened to the Syracuse area since the Erie Canal.”
Conclusion
Although it is bold, drawing a parallel to the 1825 Great Lakes to Atlantic Ocean infrastructure project highlights the potential economic consequences and national security risks in an increasingly digital society.
Source:Link
