Micron - Let’s try this again

[OrangeDW]

I know folks who have worked at Micron .. be careful what you wish for.

I’ll take my chances. Thanks for your concern.

 

[qdawgg]

If you say so... I'm just pointing out the byline in that linked story:

Micron Technology, one of the world’s largest computer chip manufacturers, has picked the Syracuse suburbs for a new $100 billion semiconductor factory that could create 50,000 jobs and likely cements Albany Nanotech as the choice for a new billion-dollar national chip research lab.​

​

I am sure SU will be ramping up in various capacities in Nanotech, but they simply won't be competing at this research level:

Either way, win-win for upstate and there is gonna be tons of money going around.

Yeah, there’s almost no chance they compete with Albany nanotech. It would take a long time for SU to even reach the same level and financial investment I doubt they’re willing to invest. Anyone who thinks SU will compete or even replace needs to research Albany nanotech. It’s not some random building teaching nanotech out of textbooks.

 

[qdawgg]

This is the best single thing to happen for CNY since the formation of the finger lakes and the salt deposit. This is unquestionably one of the most important investments that will occur globally in the next 10 years.
It is a transformative event. One that will for the next 50 plus years shape the area.

Greenville SC landed the BMW plant and in a very short time went from a dead post textile city to one of the highest ranked mid cities in the country.
This is a miracle for CNY. It will forever change the region.

Might want to throw the Erie Canal in between the Ice age and micron coming. But otherwise, absolutely.

 

[TexanMark]

It's SUNY Polytechnic Institute (SUNY Poly) now. I believe they are required to change the name every 10 years or so. SUNY Tech-->SUNY IT-->SUNY Poly

So SUNY Global Micron Cree Wolfspeed has a nice feel to it

Bonuses for all the SUNY in order

I believe OttoMets may be plugged into the potential public transportation that may be included as part of this project. Hopefully he can chime in here.

OttoMets and Jake are who you listen too in these discussions

 

[FrancoPizza]

I know folks who have worked at Micron .. be careful what you wish for.

Aaaand we have our first negative post.

 

[OburgOrange]

Aaaand we have our first negative post.

Aaaaand it wasn’t you

 

[wfschrec]

Aaaand we have our first negative post.

Aaaannnddd nothing other than a flippant reply.

 

[javadoc]

Aaaannnddd nothing other than a flippant reply.

In fairness, the original comment didn't provide details, context, or anything to give us the ability to form our own judgments.

 

[TexanMark]

I can tell you that the Chip goes back way more than three decades. War Memorial, anyone? Hotel Syracuse? Defeatism is woven into the fabric of the community in this region.

Yup...goes back to the 60s

 

[wfschrec]

In fairness, the original comment didn't provide details, context, or anything to give us the ability to form our own judgments.

You mean like 2/3rds of the content on the board … right…

 

[javadoc]

You mean like 2/3rds of the content on the board … right…

I'm not talking about what other people said.

I've been in management for less than a year now. I fired my first two this week. I'm sure they have wonderful things to say about me, and the company, and are telling anyone who is willing to listen.

 

[TexanMark]

Which is why it is so odd that TSM and Intc have both announced new plants for the Phoenix area.

edit: Phoenix, AZ

Well duh, it is due to all that water in AZ

 

[TexanMark]

For decades though upstate NY wasn’t the target for many of the state’s tax $ - having an Upstate born and educated governor seems to be starting to tip that long term imbalance.

It was already in the works before she came...she actually seemed like she did a good job keeping the momentum

 

[wfschrec]

I'm not talking about what other people said.

I've been in management for less than a year now. I fired my first two this week. I'm sure they have wonderful things to say about me, and the company, and are telling anyone who is willing to listen.

Storage industry is a small one … folks talk including some still employed there.

 

[FrancoPizza]

It was already in the works before she came...she actually seemed like she did a good job keeping the momentum

It’s about fluckin time the state went to bat for the 315. Buffalo and Albany region have received a disproportionate amount of state $ over the years… most recently the Bills stadium.

I know this is on a tangent but I’ll never understand why it’s considered acceptable to demolish a multibillion dollar stadium after 15-20 years and then ask taxpayers to foot the bill. The dome would have been razed and rebuilt twice already in this timeframe. Only in America.

 

[kirbivore]

If they’re still mad that Marvin Graves caught a TD pass in a Dome victory over the Longhorns, it’s probably time to move on.

Was that the play where the railing collapsed and the students spilled onto field on top of Marvin?

 

[TexanMark]

Tough break, pop drinkers. There’s always garbage plates!

All pop drinkers get yourself back over to your side. We are soda drinkers in the 315.

 

[IthacaMatt]

I think they said they lost out on the Taiwan mega fab because the site at the time wasn’t big enough.

Waxing a bit here… I think there will need to be a significant population influx to make this work. I know they’re talking about training the local unemployed workforce but how realistic is that? Doesn’t this kind of skilled labor require 4 year degrees? Just asking…

They can draw engineering talent from SU, Cornell, R.I.T., Univ. of Rochester, Clarkson, RPI, Binghamton and U Albany.

 

[IthacaMatt]

Obviously, there are positives for Micron to build a new plant near Syracuse, but there are also challenges. Without federal and state subsidies, the plant is not feasible economically by a large margin. That means other companies that don’t receive subsidies won’t build nearby facilities. And, Micron produces memory chips, the most commoditized chip manufactured. That means business volatility, low margins, and difficulty producing a positive return on capital.

For this investment to really drive long term economic growth, the high costs for businesses in the area needs to be reduced to attract new businesses.

Someone mentioned the BMW investment in South Carolina. Luring BMW was a huge win as other manufacturing companies became attracted to the low costs which drove economic growth.

This talk of the high cost of doing business in New York State is way over-exaggerated.

NYS's corporate income taxes, the top rate, is only about 7%. It used to be 6.5% until a couple years ago. Many other states have much higher corporate taxes.

State Corporate Income Tax Rates and Brackets for 2022

The cost of land is cheap, the cost of living is cheap.

What makes NY expensive, relatively speaking, is the cost of doing business in Metro NYC, and the cost of property taxes all throughout Upstate.

Even our energy prices, while somewhat high, are way more stable than places like California or Texas.

 

[sutomcat]

All pop drinkers get yourself back over to your side. We are soda drinkers in the 315.

 

[FrancoPizza]

Micron will actually help keep the motels alive around 7th North.

And then some. I won’t be surprised if we see a bigger hotel go up at the inner harbor along with some other exciting developments there. That area is primed for private development. Even COR can’t fluck it up, can they?

 

[IthacaMatt]

Obviously, there are positives for Micron to build a new plant near Syracuse, but there are also challenges. Without federal and state subsidies, the plant is not feasible economically by a large margin. That means other companies that don’t receive subsidies won’t build nearby facilities. And, Micron produces memory chips, the most commoditized chip manufactured. That means business volatility, low margins, and difficulty producing a positive return on capital.

For this investment to really drive long term economic growth, the high costs for businesses in the area needs to be reduced to attract new businesses.

Someone mentioned the BMW investment in South Carolina. Luring BMW was a huge win as other manufacturing companies became attracted to the low costs which drove economic growth.

Memory chips aren't hardly made in the US anymore, and like you said, are "commodities" - they are needed in damn near everything.

Your notion that this plant "is not feasible" without the grant money, and that nobody else will build complementary businesses without their own tax breaks is silly. Companies like Sensis, Lockheed Martin, all the drone initiatives, etc., have already created an ecosystem that encourages others to locate here, to help service their contacts, provide supplies, sub-contract for specialty bits, etc.

This will do that on steroids.

The Chips Act was intended to do this, to level the playing field with foreign labor costs, to ensure our own economic and technology independence.

Staffing a chip fabrication plant is not like staffing an auto manufacturing plant. We just so happen to have a tremendous number of high quality universities here. This will help prevent the brain drain from our region.

 

[IthacaMatt]

Yeah, there’s almost no chance they compete with Albany nanotech. It would take a long time for SU to even reach the same level and financial investment I doubt they’re willing to invest. Anyone who thinks SU will compete or even replace needs to research Albany nanotech. It’s not some random building teaching nanotech out of textbooks.

They are not directly competitive research facilities. People who work in nanotech are not necessarily designing memory chips. They're not necessarily competing for the same graduates, any more than they are competing with IBM.

 

[IthacaMatt]

Semiconductors is a lot of what they do!

300mm Wafer Fabrication | SUNY Polytechnic Institute

Product qualification support is provided at SUNY Poly with access to a unique state-of-the-art industry standard semiconductor fabrication facility, which serves as a technology test-bed leading to the development, demonstration, integration and qualification of advanced fabrication...

sunypoly.edu

But if you require nanotech to design a chip, it's a much more complicated chip than simple DRAM. They call those types of products "system on a chip".

 

[jordville]

Super excited for Ryan. Another big deal landed under his leadership. Big win for Syracuse and CNY.