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State and federal reps building “semiconductor highway” through NY, Canton Corning site to receive $32 million investment

Posted 12/26/24

CANTON -- State and federal officials say they are building a "semiconductor highway" through the state using millions of federal dollars to build new facilities and bring thousands of jobs to the …

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State and federal reps building “semiconductor highway” through NY, Canton Corning site to receive $32 million investment

Posted

CANTON -- State and federal officials say they are building a "semiconductor highway" through the state using millions of federal dollars to build new facilities and bring thousands of jobs to the state.

In a recent statement from Governor Kathy Hochul, the governor lauded the investments that she said are a direct result of the Biden administration's CHIPS and Science Act.

"Thanks to the Biden-Harris Administration’s CHIPS & Science Act, our advanced manufacturing sector is roaring back to life. And because of the nation-leading Green CHIPS Act I signed into law, these chips won’t just be made in America –– they’ll be made right here in New York. This is all possible because of the unprecedented partnership between New York State and our federal partners, including President Biden, Secretary Raimondo, Senator Schumer and Senator Gillibrand," Hochul said.

Schumer was in the North Country just last month to announce a $32 million investment in Corning's Canton facility that will create 130 new manufacturing jobs.

That funding still requires final authorization but Schumer said he was confident it would be given in the near future.

The facility upgrades and expansion would also create about 175 construction just in the area as well, Schumer said.

After visiting Canton following the passage of his bipartisan CHIPS & Science Law and promising it would supercharge the demand for Corning’s critical technology and deliver big for the North Country, Schumer said Corning Incorporated has reached an up to $32 million preliminary memorandum of terms (PMT) funding agreement with the U.S. Department of Commerce to increase production at their Canton facility of specialized glass vital for the semiconductor industry.

The PMT outlines key terms for Corning Incorporated’s CHIPS agreement, but to finalize the federal CHIPS agreement, the Commerce Department will now begin a comprehensive due diligence process on the proposed project and other information contained in the application.

After satisfactory completion of the due diligence phase, the Commerce Department will finalize the PMT.

Schumer said this expansion, which will help strengthen this vital supply chain for America’s national security, is expected to create up to 130 new, good-paying manufacturing jobs, including new union jobs, and over 175 union construction jobs.

“I am proud to announce $32 million from my bipartisan CHIPS & Science Law will go to the always innovative and cutting-edge Corning Incorporated in Canton, NY to boost their highly specialized glass critical to the semiconductor supply chain. This award will create hundreds of new, good-paying jobs, supporting our local unions and growing manufacturing right here in the North Country. The glass needed for our semiconductor supply chain should be built in Canton, not China, and today’s investment helps further realize the goal of the bipartisan CHIPS and Science Law of bringing manufacturing back to America. Corning’s Canton plant has been a linchpin of the North Country’s economy, and when I visited two years ago I said my CHIPS & Science Law would help them grow even more, and today a promise made becomes a promise kept,” said Senator Schumer.

“This will help usher in the next chapter of manufacturing here in the North Country. The specialized glass made right here in Canton is used in some of the most advanced machinery in the world – while making microchips we need for technology we use every day, from our phones to our computers and cars. Today Uncle Sam is giving its stamp of approval saying the North Country is ready to build America’s future, creating jobs, supercharging the economy and strengthening our national security.”

In her recent statement, Hochul commented that plans to create the NY Smart I-Corridor along I-90 between Albany and Buffalo would lead to one in four U.S. made chips being produced in New York by 2030.