Reuters reported that the New York State Public Service Commission (PSC) has approved the construction of a two-mile, 345-kilovolt underground transmission line by National Grid to connect the Clay substation to Micron’s planned semiconductor megafab (megafab) in Onondaga County. This transmission project is a key part of supporting Micron’s US$100 billion investment plan.

This long-term investment will span approximately 20 years and cover projects such as fab construction, power and renewable energy infrastructure, R&D and education cooperation, as well as local community and talent cultivation, with the goal of building the largest memory manufacturing and innovation center in the United States.

The overall plan is expected to build approximately 2.4 million square feet of clean rooms, create tens of thousands of high-paying jobs, and drive an annual economic output value of more than 10 billion US dollars in Central New York. The state estimates that the region will add billions of dollars in tax revenue and public investment to local governments annually by 2040.

Governor Kathy Hochul said that this approval marks the substantial stage of Micron’s investment and is also a milestone in promoting Central New York to become the core of semiconductor manufacturing in the United States. "This project will completely change the economic structure of Central New York, and we are advancing it with the fastest speed and the most prudent attitude." Huo Chu pointed out.

The PSC also approved the first phase of State Grid’s environmental and construction plans, including the expansion of the Clay substation and the installation of transmission equipment, and included ecological protection and construction restoration provisions. PSC Chairman Rory M. Christian said the case was approved by consensus and that the approval conditions met public and environmental safety standards.

Manish Bhatia, Micron's executive vice president of global operations, said that this approval brings the company closer to its goal of building an advanced memory manufacturing center in Central New York.

Since Governor Huo Chu took office, he has listed semiconductors as a core strategy for New York’s economic development. She has secured US$500 million in funding for the New York Center for Innovation and Nanotechnology Research (NY CREATES), bringing the total to US$1 billion, promoted the US$10 billion High-NA EUV center plan, and cooperated with companies such as IBM, Micron, Applied Materials, and Tokyo Power Technology (TEL) to build the first public high-NA EUV R&D base in North America.

Currently New York State is home to 156 semiconductor and supply chain companies employing more than 34,000 people. Technology giants such as Micron, AMD, and GlobalFoundries are accelerating their efforts. It seems that "East Coast Silicon Valley 2.0" is slowly emerging.

New York approves power line for Micron’s $100 billion semiconductor plant Governor Hochul Marks Progress on Micron’s $100 Billion Investment in New York with Approval of Critical Infrastructure to Support the Project Further reading: Micron DRAM receives bullish call + NAND price rises, halts new orders, stock price hits record high