MARCY, N.Y. – The Cree manufacturing facility in Marcy may soon receive federal funding, as part of the government’s investment in semiconductors, which will be produced at the plant.
Sen. Chuck Schumer says the National Defense Authorization Act, which has already passed in the House, would provide incentives for local semiconductor research and production, in order to reduce U.S. reliance on foreign manufacturers.
“The economic and national security risks posed by relying too heavily on foreign semiconductor suppliers cannot be ignored, and Upstate New York, which has a robust semiconductor sector, is the perfect place to grow this industry by leaps and bounds,” said Senator Schumer.
Construction on the Cree facility is expected to be completed in 2021.
The Senate will vote on the NDAA in the coming days.