President Biden Delivers Remarks on Micron’s Plan to Invest in CHIPS Manufacturing

By | October 27, 2022

President Biden delivers remarks on Micron’s plan to invest in CHIPS manufacturing in upstate New York, which will create good-paying jobs and help ensure the future is made in America.

Syracuse, NY

[Applause] [Music] Thank you everyone thank you thank you Uh it is a such an honor to be here uh I Can’t believe this but here I am My name is Shawnee Davis and I am a Proud member And I am a proud member of the International Brotherhood of Electrical Workers uh local 43 here in Syracuse New York Um I wasn’t always a skilled trades Woman as a matter of fact I attended Syracuse University where I studied Psychology which is totally different From what I’m doing now But I got my start as an electrician uh Doing an amateur rough-in with my dad in Florida And I loved it I I enjoyed the Experience and So my dad told me if you love it so much When you get back to New York you join The union and so that’s what I did Local 43 they Welcomed me and with some borrowed tools From uh our now business manager Al Marzullo [Applause] I was Starting as a helper Moving up to being an apprentice and Then a journey woman electrician and now I am

First black woman master electrician In the region My career as in the ibw changed my life For the better I was given it’s given me incredible Opportunities And a bright future here in Syracuse New York area and uh I’m not only a master electrician but I Also own my own electrical contracting Company luminary electrical contractor And we are here and we are ready To power up New York’s long-awaited Manufacturing rebirth So needed So you all can only imagine how much of An honor it is to be able to introduce The president of the United States Okay Uh when I got that call I was like who Anyway we all know that politicians tend To make a lot of promises especially uh During election season in which we have Coming up and too many of them don’t Actually keep their promises but Not President Biden One thing I really like about President Biden is that he understands the value Of our workers in the United States and That we’ve always as workers stepped up To help our communities and our country And uh that that the workers of this Country should be uh respected and as Well as the unions in this company in

This country excuse me So he made some promises when he got Elected and I remember some of these Promises they’re written down on this Paper here so let me go ahead and read Those He promised to reach across the aisle He promised to invest in rebuilding and Modernizing our infrastructure To expand our broadband Moderate modernize our grid for cleaner Energy and to Target undeserved Communities underserved Community excuse Me President Biden promised to bring back Manufacturing so that we can start Building things in this country again Foreign Well here we are two years later And uh I am saying loud and proud that Promises were made and Promises were Kept For the people that have lived in this Community myself my whole life we Understand how desperately we need this New beginning in the Syracuse and Central New York area especially with All of the plants closing job losses uh And the the hearts uh breaking for Generations of workers So this plant means hope It means good paying Union construction And manufacturing jobs for years to come [Applause]

So selfishly I’m really excited about This This plant also means that when I go to See and speak to our high school and Middle school students I can which is which is our next Generation of workers I can look at them And say You can get a job right here in Syracuse You don’t have to go away anymore you Know that was one of the things that we We lost where a lot of people moving Away because we didn’t have that so we Have that now and I’m able to go ahead And say that to them right looking right In the eye and say that to them And also to show them that a person that Looks like them Can be a part of rebuilding our city our State our country Foreign Union members and a CEO [Applause] But it’s not just about the announcement Today uh for what we’re here for for my Crime but thanks to the bipartisan Infrastructure law Central New York is Rebuilding just along with the rest of The company or a country excuse me Um hundreds of local 43 brothers and Sisters are already working on the Massive I-81 reconstruction project Thanks to uh President Biden and Governor hokel

And Joe Biden has always kept his Promises to union workers like myself Then that’s why I’m proud to be standing Here today so on behalf of my family on Behalf of my local union on behalf of This great city of Syracuse New York it Is my greatest honor to introduce a Great champion of American workers that We’ve ever had in the White House All right ever The 46th president of the United States President Joe Biden [Music] Thank you Oh thank you very much hello Syracuse If you have a seat take it If you don’t I’d probably leave Shawnee thank you for that introduction For representing your sisters and Brothers the ibw One of the reasons I’m standing here Is because of the ibw not a joke they uh Endorsed me early on and uh along with Quite frankly every other Union in America and we came along I made a Promise and I’m keeping it I’d be the Most pro-union president in American History and I’m going to make sure that Happens Simple reason for that You know the middle class built this Country and unions built the middle Class we used to say in the Senate Excuse a point of personal privilege so

I’d like to introduce some of my family And friends and I don’t know where they Are right now but my uh you know I I Married a beautiful woman from skin Atlas Lake was it Syracuse I met her on Spring break and fell head over heels in Love with her and gave up a starting job On the football team in Delaware to come Up uh every weekend because I couldn’t Stay away from her and uh and her her Brother Michael is here where where Where’s the family There they are back here The hunter family The hunter family is here Carter born And Greg and the children Gillian and Gregory and Nancy Hunter and her Daughter Jess my brother-in-law Johnny’s Wife and daughter and as well as one of Bo’s best buddies uh Andy Grote and an Old friend who’s here excuse this again As used to say in the center the point Of personal privilege but uh it’s like Coming home man coming home Molly and Her brother is Jimmy crane And the president of Syracuse University And the dean of the law school who uh Probably I wouldn’t get in these days Although I went there on a scholarship And uh and mayor Walsh Ben thank you County Executive McMahon it’s a good you Know it’s good to be in a place that Means so so much to me and that means so Much to our country with the project

We’re here to celebrate today Governor Hokel thank you for the passport into The state appreciate it very very much You’ve been a great partner to me and a Great leader for the state and you saw An opportunity to attract a more Semiconductor supply chain businesses And and assigned a law to make New York Even more welcoming we were down on Poughkeepsie not long ago a little Outfit called IBM spending 20 billion Dollars investing in and uh and Incredible jobs and attracting companies Creating jobs centuries ago this region Was the heartland of manufacturing and When I was up here as a law student you Had Kodak Corning General Electric Governors always believed it could be That way again she thought that would be The case and the region is poised to Lead the world in advanced manufacturing Not a joke poised to leave the world And I also want to thank my buddy Chuck Schumer Senate Majority Leader this guy Gets things done On a close to a HomeTown girl senator From upstate New York Kristen chilebrand She gets them to drive I learned a long time ago Kristen calls and asks something to just Get just say yes Just do it right away because you’re Going to do that anyway Oh

Could be with you kids now look it’s Hell of a delegation I think it’s one of The best delegations of the country and Chuck is a great majority leader Getting big things done We wouldn’t be here today it’s not Hyperbole we wouldn’t be here today Without him And Kristen’s as I said Hometown here in Upstate New York she’s a fighter for Families in this area and you’ll be Hearing from all these folks in a minute But congressman John uh catco where’s John Johnny Stand up John John as a Republican and I like him a Lot I like him a lot John when I have been In the Congress for a long time and we Used to have that’s that’s how we used To be we used to work together like You’ve worked together with me and with The delegation thank you very much I’m Quite frankly a little sorry you’re Leaving And uh thanks for what you’ve done And thanks to the passport into your District I appreciate it And thanks for reaching across the aisle To support the chip science act which This guy wrote right here we’ll talk About that in a minute You know

And we also have one of the leading Members of the United States Congress Chair of the house intelligence Committee Adam schiffs he came all the Way from California to see Chuck where Is he There he is Good to see you Adam And I talked together a lot we can’t Share any secrets of the rest of you but We know we can we can talk he’s the only Guy I can talk to I’m only kidding Folks we’re here to celebrate one of the Most significant investments in American History again not hyperbole my most Significant investments in American History And it’s going to ensure that the future Is made in America one of the bright Spots around the country That should give us a sense of optimism And hope about who we are as a nation And it’s part of a broader story about An economy we’re building one that works For everyone The positions America put America in a Win a position to win the economic Competition of the 21st century and Again that’s not an exaggeration it’s Literally an accurate statement we’re Joined today by the CEO of Micron to Celebrate their commitment to invest 100 billion dollars over the next 20 Years

Here in America To build Factory to make semiconductor A small little computer chips that power Everything in our everyday lives from Our smartphones through automobiles to Washing machines hospital equipment you Name it it’s the largest American Investment of its kind ever ever ever in Our history thank you very much Paul They’re going to build factories the Size of this is not hyperbole the size Of 40 football fields big enough to fit The Carrier Dome four times inside it And still have space left over And we’re gonna this is amazing what’s That going to happen here you guys have No idea it’s going to run and it’s going To run entirely on renewable energy 9 000 jobs From phds and engineers HVAC technicians machine operators with An average salary of one hundred Thousand dollars a year and tens of Thousand more jobs across the supply Chain 20 unions working together to fill Jobs for technicians construction Workers electricians operating engineers And by the way It’s the largest investment in American History that’s also governed by a Project labor agreement That’s a fancy way of saying Union Union Not labor union They ensure that the major projects are

Handled by well-trained well-prepared Contractors subcontractors and highly Skilled workers these agreements make The construction the top-notch project Because they’re the best folks to do it Their projects are on time on task and On budget back in February I signed an Executive order to make sure large Federal construction projects use Project labor agreements and it means That Micron is using one here as well Microns also playing paying a prevailing Wage for funding apprenticeships Programs so folks can get trained in Places like this community college for One of the thousands of good paying jobs In this new site and it really matters It matters a lot America invested in These chips Federal and the federal Investment helped reduce their cost Creating a market and an entire industry That’s american-led You know that’s how it all started with Over as a result over 30 years ago America had more than 30 percent of the Global chip production 30 percent Then something happened American Manufacturing the backbone of our Economy got hollowed out Companies move jobs overseas on the Industrial Midwest as well as from the Northeast and Manufacturing towns like Here in central New York and upstate New York

And as a result today we’re down to Producing only about 10 percent of the World’s chips we invented them but only We produce only 10 percent Despite leading the world in research And design of new septic new chip Technology as well it’s here in the United States But because of the new law I signed and Chuck designed and delivered we’re Turning things way around around in a Very big way when with microns 100 Billion dollar investment alone we’re Going to increase America’s share Global Memory chips and production by 500 Percent The company Intel in Ohio and other Companies including foreign companies That are investing billions of dollars Billions of dollars Across America to Make these chips here and it matters to You all no matter where you live it Matters a great deal making these chips In America is going to help lower the Cost for families looking to buy a car To replace your washing machine get a New cell phone it also helps companies Out compete the rest of the world And I’ve got heard from Xi Jinping that He’s a little concerned about that No I I’m not I’m not joking it’s not as I told them it’s not about conflicts About competition and we’re back in the Game we’re competing again in a big way

Think about it this way IBM needs these ships to build the Fastest quantum computers ever built in The world in Poughkeepsie New York Instead of relying on ships made Overseas that could be delayed because Of a pandemic or some other Global Supply Chain issue they can get their Chips in a few hours a few hours it’s a Game changer You know where is it written where is it Written that the United States of America can’t be the manufacturing Capital of the world think about this No I I I mean it sincerely Where in the hell is it written That says we cannot be as we’ve been Hearing for the last 25 years the Manufacturing capital of the world This country lost over 180 000 Manufacturing jobs under the last guy That had this job We’ve created 700 000 manufacturing jobs On my watch adding manufacturing jobs at A faster rate than in 40 years The previous president made a string of Broken promises in places like Wisconsin Indiana Ohio were promised investments In jobs and Manufacturing never Materialized but layoffs and shuttered Factories did materialize on my watch We’ve kept our commitments on my watch Made in America just as just in just a Slogan it’s a reality made in America

Today’s announcement Is the latest example of my economic Plan at work I’ve said from the beginning that my Objective is to build an economy from The bottom up bottom up in the middle Out Economy that rewards work not just Wealth an economy that works for Everyone so the poor have a ladder up The middle class can do better and when That happens the wealthy do very well They don’t get hurt at all they do very Well It’s a fundamental shift And it’s working compared to what the Very conservative Republicans are Offering these days let’s just take a Look at the facts when I took office the Economy was in ruins my predecessor was The first president since Herbert Hoover Not a joke to lose jobs in the entirety Of his administration the first Unemployment when I was sworn in was at 6.4 percent Hundreds of thousands of small Businesses closed the irony is that During the pandemic the record number of Americans became at the same time we Lost all these small companies the Record number of Americans became Billionaires in the middle of this Crisis While more than nine million people were

Still out of work from the pandemic when I took office Today with the help of the people behind Me We’re in a much better place 10 million jobs created since we took Office a record-friendly Administration In American history Unemployment is at 3.5 percent the low Is suspended 50 years 5.4 million Americans applied to start Small businesses the highest level ever In American history and because of the Actions we’ve taken gas prices are Declining we’re down 1.25 since the Peak At this summer and they’ve been falling For the last three weeks as well as well And adding up real savings for families Today the most common price of gas in America is 3.39 down from over five Dollars when I took office we need to Keep making that progress By having energy companies bring down The cost of a gallon of gas that Reflects the cost they’re paying for a Barrel of oil There used to be a direct correlation Barrel it all goes down the price of the Pump goes down at the same time If we’re taking average profits they’ve Been making over the last 20 years Instead of historic profits they’re Making today the price of gas would be Down an additional 40 percent to 40

Cents today to three dollars a gallon And by the way last quarter Five largest oil companies made in the Last quarter 70 billion dollars in Profit in 90 days Shell announced just this morning That it made 9.5 billion dollars in profits in the Third quarter 9.5 billion That’s more than twice of what they made In the third quarter of last year And they raised their dividends as well So the profits are going back into their Shareholders instead of going to the Pump and lower the prices because if They charge the the same amount as they Were as they’re acting as they did a Year ago and two years ago when the Price of gas goes down the price of oil The price of oil goes down the price of Gas goes down And even though my Republican friends in Congress seem to be hoping for a Recession many of them president company Excluded Today the GDP results came out and the Economy in fact is growing In fact the economy grew at 2.6 percent Rate last quarter and although it may Not feel like for everyone people’s Incomes went up last quarter more than Inflation went up and enough growth So economic growth is up the price of Inflation is down real incomes are on

Going are up and the price of gas is Down Folks continue to spend but now a more Stable Pace than during our rapid Recovery last year Businesses continue to invest in America Exports are up which means we’re making Things here in America and shipping the Products overseas instead of shipping Jobs overseas and sending them back here The supply chains are running more Smoothly helping companies build up Inventories there’s another thing my Predecessor promised and you heard it For four years infrastructure week Seemingly every week for four years But it never got done It became a punch line when you talk About infrastructure week Well on my watch We turned Infrastructure a week into the decade of Infrastructure and a headline A once in a generation investment on our Nation’s roads highways Bridges Railroads porch airports Water Systems High-speed internet And the American people are seeing the Benefits of this economy that works for Them Families have more net worth today than They did before the pandemic Fewer families are behind in their Mortgages the credit card bills than They were before the pandemic or

Americans health insurance more Americans have health insurance than Before the pandemic And we’re doing everything we can to Give folks just a little bit and my dad Would say just a little bit of breathing Room We’re giving Medicare the power to Negotiate lower drug prices Folks We’ve been trying this for as long as I Was in the Congress We pay the highest price for Prescription drugs of anywhere in the World And I’m talking the exact same Prescription made by the exact same drug Company Sold in the United States and sold in France you can buy it probably 30 Percent cheaper in France or Canada Around the world Where is it written that that’s okay Or does it say that’s okay to do We’re capping seniors out-of-pocket Prescriptions starting next year Prescription drugs and it’s a little law Now will not have to pay if they’re on Medicare more than two thousand dollars A year for the prescriptions no matter How much that costs Even if their drug costs are 10 12 14 000 like some Cancer drugs do cost And now big Pharma tries to raise drug

Prices faster than inflation They’re going to have to write a check The Medicare to cover the difference Because there’s no rationale for unless They can prove they engage in additional Research to improve the product if it’s The same exact product they cannot raise The price beyond the cost of inflation For that particular drug And by the way [Applause] Put this in perspective last year the Price of one thousand two hundred Specific prescription drugs went up Faster than inflation We’re going to put a stop to that from Now on if drug companies rise the price Faster than inflation they’re going to Have to rebate the money back to Medicare We’re also capping the cost of insulin Of seniors on Medicare at thirty five Dollars per prescription instead of the Average four hundred dollars a month [Applause] Like summer pain now We passed tax credits to help families Buy energy efficient appliances put Solar panels on their homes help them Buy an electric vehicle weatherize their Home things that are going to save it’s Estimated by the utility companies an Average of 500 a year for the families And much more if they were to purchase a

Vehicle Yesterday we announced steps my Administration is taking to get rid of Unfair hidden fees known as junk fees That are that are proliferating like Surprise banking overdraft fees an Average of 35 dollars for every Overdraft Or credit card late fees an average of 50 dollars Or if you get in a plane and you want Your two-year-old child to sit next to You you’re going to find out you paid a Hell of a lot more for your ticket when You land before you land If you find yourself in a position and Goes on and on and on all these hidden Fees Well guess what these can add up and Make taking a real money out of the Pockets of ordinary Americans That’s on top of actions we took earlier This month to lower the cost of hearing Aids to make them available over the Counter at places like Walgreens and Walmart This is going to save on average three Thousand dollars for a pair of hearing Aids for millions of Americans with Hearing loss three thousand dollars [Applause] I took action to ease the burden of Student debt for millions of working and Middle class families the average

Average income seventy thousand dollars A family recovering from the pandemic My friends on the right Republic they Criticize the move But I’m never going to apologize for Helping work in the middle class Families as I recover from the pandemic Especially Not to those same folks who voted for a Two trillion dollar tax cut before I got An office to give away that mainly Benefited wealthy Americans and the Biggest corporations not a penny of it Paid for We’re doing all this by reducing the Deficit at the same time I don’t want to Hear about big spending Democrats Creating the deficit let me give you the Facts The very deficit reduction that my Republicans voted against when they Opposed the inflation reduction act this Year this year the deficit under our Leadership is falling by 1.4 trillion dollars let me say it again This year alone The deficit is down 1.4 trillion dollars In my first year in office the deficit Fell one year one year by 350 billion Dollars Ladies and gentlemen the largest ever One-year cut in American history on the Deficit cut the deficit in half As I said it follows a historic drop of

350 billion last year and we’re going to Reduce the deficit by another 250 Billion dollars of the next decade why a Big part of that is because corporations Are finally going to have to pay Something 15 minimum tax You know in 2000 The year 2000 55 corporations made 40 Billion dollars God love him as my mother would say But they paid zero in federal tax Zero in federal tax So guess what inflation reduction act we Made sure they have to pay a minimum of 15 percent That’s less than you guys pay as union Members in your tax that’s less than School teachers firefighters cops pay But that 15 percent Increase in the minimum tax It’s going to make sure we’re in good Shape for a long time here That’s all stark contrast to Kevin McCarthy’s Republican leader of the House Representatives fellow Maggie Republicans who say their number one Priority is to do the following and They’ve said it publicly by the way if I Had asked you and we were just walking Down the street can you tell me what the Republican platform is What they’re for I’m not joking I’m being deadly earnest Like I said I’ve been around a long time

In public life Republicans usually Always have platforms Say this is what we’re for Well I can’t tell you what they’re for But they’ll make sure they’ll tell you What they’re against They’re going to give the power we just Gave to Medicare lower drug prices back To Big Pharma to raise prices instead The cap on the two thousand dollar cap On prescription drugs for seniors gone If they Kevin has his way McCarthy 35 a Month cap on insulin or diabetes for Seniors gone Savings on health care premiums 800 a Year for literally millions of Americans Under the Affordable Care Act gone And of course they’re still determined To repeal the Affordable Care Act Overall which would mean that tens of Millions of Americans with pre-existing Conditions who can’t otherwise get Insurance will lose even that insurance Because they have a pre-existing Condition These protections are gone as well if The Republicans get their way if Kevin Gets his way in the Republican Congress Tax credits to lower energy bills gone Corporate minimum tax gone Under the Republican plan some big Corporations are going to go back to Pain zero again That’s the plan

I would argue it’s Reckless and Irresponsible and will make inflation Worse if they succeed And then they’re coming after Social Security now it sounds like you know What’s there’s by the typical Democrats And Republicans are after Social Security This is the one thing they’ve said out Loud They’ve written it down on pieces of Paper Senator Rick Scott the Republican from Florida who’s in charge of getting Republicans elected to the Senate has a Plan that’s laid out you can look it up You can as my used to say you can Google It The plan that Congress will give that Will give Congress a chance to cut Social Security Medicare every five Years every five years can be up in the Ballot either gets voted on or gets lost Every five years It’s no longer there’s no such thing as A permanent plan Every five years you’ve been paying your Social Security since you’re 16 years Old in your first paycheck Senator Ron Johnson the senator from Wisconsin he thinks that’s taken too Long he wants it done every year Every year Social Security and Medicare And The Chopping Block every single year

And now they put forward a real ticking Time Bomb for the country you’re going To hear a lot more about it Republican leadership in the Congress Has said and made it clear That if they don’t get their way if I Don’t vote to shut down if I’d excuse me If I don’t vote to reduce Social Security Medicare if I don’t support That they’re going to shut down the Government Refuse to pay America’s bills for the First time in American history To put America into Fall Again read this That’s what they’re saying Unless we yield her the demands to cut Social Security Medicare They’re determined to cut Social Security Medicare and they’re willing to Take down the economy over it There is nothing nothing that would Create more chaos or do more damage the American economy than that happened if It were to happen Let me close with this It’s been a rough few years for a lot of People I grew up with hard-working Americans For a lot of families things are still Tough But there’s some bright spots out there Where America is asserting itself I’ve asked CEOs including Micron and CEOs in many other countries the

Following question When I spoke to the Business Roundtable Spoke to the Chamber of Commerce National Chamber of Commerce when the United States government decides to Invest considerable resources in New Industry that we need to build up for Our national security and economic Well-being does that encourage or Discourage companies from getting to the Game The overwhelming answer is it encourages Them to get in the game Federal investment and tracks private Sector investment particularly in those Things we need badly Our national security depends depends on Us Having access to the most modern Computer chips in the world It depends on it One of the things I’ve been able to do And I make no bones about it because of What Russia’s activities we have Curtailed their ability to access some Of this stuff And guess what they’re not able to Rebuild those devastating weapon systems To take out those civilians in Ukraine As well Not a joke it makes a big difference These things matter they matter a great Deal And it creates jobs and it creates

Industries it demonstrates We’re All in This Together And that’s what today is all about I’ve never and I mean this sincerely I’ve never been more optimistic in my Life about America’s future I mean it sincerely Not because I’m president Because we have entrepreneurs and people Who know what they’re doing to lead us To an old and in a completely different Era in terms of the kinds of Technologies we need like this man right Here Because I look out at the younger Generation It’s the best educated generation the Least Prejudice the most engaged and the Most least self-servient generation in American history And look I hope you feel I hope you feel what I feel standing Here today Pride Pride in what we can do when we do it Together To build a better America providing our Proving it to everyone to proving to the World that our best days ahead of us I Know every major world leader because The nature of my job and before that When I was vice president that was my Job and before that I was chairman of The Foreign Relations Committee and

Guess what There’s not a single nation in the world Of major nation that wouldn’t trade Places with the president United States In a heartbeat not a no not a joke think About it not a single solitary one Not a single one And I talk to these folks all the time And meet with them all the time And they want to know Are we going to be okay because if we’re Doing well I think they got a shot to do Well too and that’s not hyperbole That’s a fact But we just have to keep it going And I know we can We just have to remember for God’s sake Who we are we are the United States of America there is nothing There is nothing nothing beyond our Capacity And we’re the only nation in the world That has come out of every crisis better Than when we went into the crisis and Folks We’re going to do it again God bless you all and may God protect Our troops and I want to invite my good Friend the great partner Majority Leader Chuck Schumer to the podium author of The chips and science act and one of the Major reasons we’re standing here Chuck The podium is yours Great job

Well what a great speech Does that show what the America we stand For is absolutely thank you President Biden and it’s my distinct honor to Welcome you back home to Syracuse Your history in cues is no secret Dating back to Su days many years ago But today your legacy here is secured Forever [Applause] Let me thank my true partner throughout This process another Su alumni and that Is governor hokel We make an Unstoppable team and if I Didn’t have her fighting alongside me For New York we wouldn’t be here Celebrating today I also want to thank Your great County Executive Ryan McMahon Where’s Ryan Who through his leadership and vision Made the white made white pine the Nation’s Premier Greenfield for Semiconductor Manufacturing The county executive Center State CEO Rob Simpson Building Trades president Greg Lancet And a round of applause again for Shawnee Davis As well as countless other local leaders Helped transform Central New York into a Place that makes this investment Possible And of course my dear friend who have Come to know and become very close with

Sanjay morotra who built one of America’s most Innovative companies and Is now following through on his vision Of bringing Leading Edge semiconductor Manufacturing back to America including Right here in central New York in short Folks this is a great day a great day For Central New York and a great day for America this is our future and it is Great If there’s a word to describe this Moment it’s transformational Transformation all Transformational can describe now what Is happening here in Syracuse in Upstate New York and in America This is the largest private investment In New York history the largest private Investment in the nation right here Right here in central New York 50 000 New York jobs Enough to fill every seat in the JMA Dome Where accuse is going to beat Notre Dame This week [Applause] And every inch every single inch of this Massive project will be built with union Labor When I wrote this bill I told the CEOs Yeah we want to help you Yeah we want to bring you back Yeah we don’t want those plants going to China or Germany or anywhere else but

We’re not going to do it unless we do it All with union labor plain and simple So getting this done has been a passion Of mine yes I feel so fervently so strongly about it It’s why I worked so long so hard so Persistently for the last three years to Author and pass the bipartisan chips and Science Bill and bring Micron to Central New York To the innovators to the job creators to The workers That witnessed the slow erosion of Semiconductors we will bring these jobs Back to our shore and finally once and For all end our dependence on foreign Made ships Now all of the major microchip companies Are considering investing in the U.S Because of these Federal incentives Without the chips and science build a Celebration of new investment would be Happening somewhere but they would all Be overseas in Europe or Asia not here In America not here in central New York Congressional negotiations will were all But dead over the summer But President Biden and I knew the Stakes were too high for the country to Let the bill fail and we fought so hard Because President Biden and I knew what Succeeding would mean to places like Upstate New York So with the president by my side

Supporting us in every way at every Juncture and with white pine As my Guiding Light we got the bill Passed which brought us here today and President Biden you will be going to Many more great celebrations like this From one end of America to the other Because of what you did And the bottom line is as the president Outlined there’s a real difference Between the two parties folks this was a Bipartisan bill I give my Republican Colleagues Congressman catco and others credit for Joining us But make no mistake about it It would only because there was a Democratic majority in the senate in the House and a Democratic president if McConnell was leader this bill never Would have seen the light of day and we Would not be here today We’re seeing Investments like this Across the country and as I said it will Revitalize not only Syracuse not only Upstate New York but Ohio Georgia Arizona so many more places and our Children our grandchildren Will benefit long term from the Investments Micron is making in the Community with jobs with the future that Every parent dreams of for their Children A 500 million dollar Community

Investment fund and hiring and Contracting commitments that will ensure These good paying jobs go to the people Veterans minorities women rural Residents and neighborhoods that need The most of all so all of Central New York not just some but all will benefit That’s how the bill was written that’s How the plan was written it will give People of all ages Of all walks of life From the dead looking to upgrade his Career in manufacturing to the little Girl Who dreams of being an engineer It will give them all the education the Training the support they need To build a life here in the community They grew up in and love Just think of what this means the chips That power nearly every aspect of our Daily lives our economy our National Security will be made in America by Upstate New Yorkers So yes In conclusion my friends Syracuse has always been part of President Biden’s history but now thanks To the president’s leadership Mr President you have changed Syracuse’s History forever This is a great day for upstate New York Great day for America Thank you for celebrating the future

Here today with us God bless you God Bless America [Applause] Now I’d like to invite Governor hokel to The podium because you know there was Two pieces of this There was an important piece of Legislation passed the United States Congress There was also an important piece of Legislation initiated by the governor to Make this finally happen Governor the Podium is yours [Applause] Good morning Central New York no it’s Afternoon isn’t it just see if you’re Awake I know some of you’ve been here Since this morning and I appreciate your Patience I just catch you see if you’re Paying attention paying attention here It is so fabulous to be here I have Waited for this day for so long And I’m so grateful to have Extraordinary partners People in the private sector labor Community and in government and that Does start with Our very own Once a resident of Syracuse New York When he was a student at the law school Our president President Joe Biden I want To thank him For coming to town not for a law school Reunion but a reunion of Upstate with

The Glorious past of its manufacturing Legacy that’s what the reunion is going On right here today and we’ve waited our Lives for this we have waited such a Long time to finally have that sense of Hope again and it happened again And I want to thank the president and Majority Leader Chuck Schumer if he had Not been the majority leader We would not be sitting here today I Guarantee that we needed the Democrats To get this over the finish line and I Do think [Applause] Senator gillibrand and all the other Senators who teamed up on this and in New York state knowing how important This was to our state I think the entire Democratic Congressional Delegation and The two Republicans John cacco and Chris Jacobs of Buffalo for being the two who Supported it I’m grateful I’m grateful You stood up I’m grateful Alicia stood Up And Sanjay I cannot believe the relationship that We’ve had just over this last year our Shared values and how we can work Together the private sector and Government saying we can work together To just build and energize a community That had been forgotten for so long I Know you’re doing this because you want To continue to be the world’s greatest

Manufacturer of semiconductor chips and You will be and you’re going to do it Here but what you have done to my Community to my state is something I Will go to my grave grateful for because You transformed a state That for a while had given up believing In itself So Sanjay to you and all your partners At Micron everybody from Micron we love You we’re so grateful you’re here you’ve Been extraordinary Since Micron Micron stand up Micron Micron How do you spell hope in New York it’s M-i-c-r-o-n that’s how you spell hope M-i-c-r-o-n we are grateful to you And I remember my first weeks as Governor just a little over a year ago Kevin Eunice came to me and I want to Thank him personally because this was a Good job Empire State development He said we have an opportunity there’s These guys from Idaho company they’re Going to look around the country for an Opportunity to expand I said how big is This it’s the biggest deal in America’s History I said really sounds a little Big Kevin but I said bring him into my Office let’s see what this is all about So we had a meeting We had a chance to talk about what I Knew about Upstate because I’m from

Upstate I happen to be the first Dubstate governor in 100 years I know Upstate New York And I lived through the tough years I Knew what it’s like when unemployment Was 15 when all the members of my big Irish Catholic Family who grew up in an Area called lakawan in Buffalo And buffalo here we go the bills are Doing pretty good too [Applause] Grandpa made steel my dad made steel my Uncles made Steel But in 1982 and all those jobs went away My brothers and sisters couldn’t find Work unemployment was 15 where I came From and it was all over Upstate New York we lost those jobs to Japan and China the Southwest The phrase and my committee was last one Out the door turn out the lights That’s what we told our kids our Greatest export were our children I lived through that that’s in my soul I Know what happened to a state into a Community Because the businesses gave up on us we Didn’t give up on them we were still the Same people we still wanted the Dignity Of a good job we wanted our union Members to continue working and making Things like they had for Generations but The jobs were gone back then So when I saw an opportunity with Micron

Knocking on the door saying what can you Offer I said we’re not losing this one this is Just too big This is how we can regain that sense of Exceptionalism that we’ve always had as New Yorkers it’s Who We Are We build things we grow things we Imagine things And I knew we couldn’t let this one go And we worked hard and I’m so grateful To have partnered with Chuck Schumer Through every inch of this to get it Done at the federal level But once it was done at the federal Level that meant to be incentives for Companies to come back from other Countries build the industry here in the United States but what would lead them To New York Because everybody’s saying oh it’s not The place you want to build a business Oh no they’re not so friendly I said We’re going to prove them wrong and what We had to do we went to the legislature And I think Al sterpy our selling men for being the Quarterback who got this one into the End zone with the legislature I thank Jeremy Cooney I think Majority Leader Andre Stewart cousins I think the Speaker Carl he’s seen everybody who Stood up and says we can do this now There were some naysayers

Oh no what are you doing here not sure About this one he said I don’t care I Don’t care I’m not losing this one this Is not happening under my watch And we got through with the support of The legislature the green chips act that Gave us that extra leverage to say I go Back to Sanji I go back to micro I said Yes you’re going to do something in America but you can do it in New York And we’re going to give you the best Educated Workforce the most Incredibly Innovative people from all The walks of life up here the people are Being educated in world-class Universities and I know that working Together our Green Ships bill which puts An emphasis on sustainability you’re Going to be a model for every other Business in the world when you’re done And we’re focused on the 500 million Dollars Community investment plan that you’ve Made because we asked for it and I’m Thank you We said we can build up child care so Moms can get to jobs it can do Apprenticeship Training get kids in Underserved communities that chance of An opportunity that they never would Have had that their parents didn’t have That’s how we build the New York dream And it’s happening before our eyes That is what is so energizing

So those who gave up on the state a long Time ago oh you didn’t make the bet in The right place because it’s happening Here I’m getting phone calls right now From companies all over this country are Saying tell me about New York tell me About this whole ecosystem we don’t need To be a Silicon Valley or a triangle Down in North Carolina This is not just Chip’s Corridor this is Chip’s country this is New York state And we’re going to build it here in New York And I am so excited to be able to turn Back Turn the page on history that was dark And hard for many of us for so long this Is a new era my friends this is a new Day this is New York thank you very much As you all can tell One thing we lacked in this delegation Is enthusiasm I want to introduce uh senator Gillibrand now to bring her to the Podium but I want to make one comment That doesn’t may not seem totally Consistent with what we’re doing One of the reasons why Women in America have an opportunity to Serve in any capacity they have Including the military why we have Department heads of entire United States Coast Guard and others is because of This woman right here so Kristen you’re

It’s all yours Well This it this is an extraordinary day for Celebration I can’t tell you how Important this is for the state in the Country and it starts with the president Who believes in the American worker who Believes in the American union movement And who believes in the endless Possibility of what America can build And what America can do and that is President Joe Biden thank you Mr President for having the vision to bring Us here today [Applause] The second person we need to celebrate Is our own Senator Chuck Schumer he Brought this to life from the beginning This was his idea he’s been working on This legislation for over a decade he Knew that to compete with China we Needed to make it here he knew if this Country was going to be secure we needed To make chips here he knew that the only Way to do this was through bipartisan Bill that would bring the whole country Together about making it here it was Chuck’s dream vision from the beginning Something he knew he would do when he Became Majority Leader so I just want to Thank Senator Schumer for not only being Our vision but our closer thank you Senator Schumer for getting it across The finish line

And then I have to thank our governor This doesn’t happen without a governor Who is able to come to the table with Resources to come to the table with Promises of the best Workforce in the Country who can come to the table with Promises for education for a pipeline of The best students of the best workers Someone who would come to the table with Tax incentives meeting this company Micron halfway to get it done Governor Without your vision and your commitment This would also not be done so thank you To governor hokel And last but not least our CEO Sanjay’s had a vision for what Micron Can do I can’t tell you how proud he was To show the president what this plant’s Going to look like that it’s football Field after football field in length the State of the art it was amazing it was More than a kid in a candy shop it was a Man who was realizing his vision of his Whole future and he sees each one of you In this future every worker in this Community is part of this future and it Is a bright future and you should be so Proud thank you so much Yeah Now there are three reasons why this is A big deal and I won’t use the word that The president likes but it’s a big deal And it’s a big deal for three reasons The biggest and most important

Especially for this community is jobs This is going to create tens of Thousands of jobs over decades this is Not a small investment this is a Generational investment and not just This generation but the next three this Is extraordinary for what it will do for Central and Upstate New York it is Extraordinary and as the governor said More companies will come they will want To be part of this ecosystem they will Want to be part of this energy they will Want to be part of this success the Second reason this matters so much is National Security I sit on the Intelligence committee and I sit on the Armed services committee and when the Republicans did not want to fund this Entire Bill several of us went to this Gift to tell them if you do not fund This now we will not compete with China And we will not be able to keep this Country safe they understood and they Got it done because of Senator Schumer’s Leadership so this is the most important Component to keep this country safe do Not underestimate how important it is to Be at the Forefront of semiconductors of AI of quantum and super Computing and This technology allows for all of that Without it we do not keep our country Safe and the last reason why this is so Exciting is that it’s Hope it’s hope for the future it’s hope

For tomorrow it’s for every kid sitting In the audience or watching this on Television saying I could be an engineer I could be a mathematician I can work at Micron I can work anywhere I can be the Future of this country the leader and The Builder to see made in America once Again right here in Upstate New York [Applause] You can hear from our last and most Important participant up here on this Stage but you know the point that I want You all to remember Is the jobs created making these chips And building these buildings Is important But guess what Those of you who sell Automobiles and Dealerships you can sell a whole hell of A lot more cars because people have good Salaries those who make sandwiches and Restaurants are going to make a whole Lot more meals those who have clothing Stores I’m not joking think about the Spin-off think about the spin-off and so This is this is really a game changer For New York it’s a game changer for the Country and the guy who’s changing the Game Sanjay it’s all yours kid [Applause] Thank you Thank you Mr President for that Introduction

Mr President I can tell you that as an Immigrant and as representing 48 000 team members of micron This is really and humbling and a Profound honor We wouldn’t be here today Mr President Without your vision and Leadership on The chips Act You championed this so hard Not just for National Security not just For Economic Security but what it means For the communities for the workers who Will make the world’s most advanced Memory chips The people of clay In this region can take pride That what they make here will be used All over the world Thank you Mr President for your Leadership and for making this moment Possible And today we are celebrating the largest Semiconductor manufacturing investment Ever announced in the United States an Investment right here in the heart of New York [Applause] Electron planned to invest 100 billion Dollars over the next two decades Building a mega Fab manufacturing Complex employing 50 000 Workers here in New York Then fully built

Then fully built these Fabs will produce Nearly 4 billion chips a year And each of those chips I had it here and Is it can you see it It is very little but I happen to have I Happen to have another one in my pocket It’s this small It is smaller than my thumbnail It is thinner than my thumbnail And it will contain these chips that Will make here each one of them will Contain billions of bits of information Isn’t that astounding [Applause] The Fabs that we built right here in Clay Will be critical part of micron’s global Manufacturing Network creating Leading Edge memory chips to be used in most Demanding electronic applications Worldwide everywhere Clear New York just a few miles north of Here will be able to save it pride that They are home to some of the most Advanced Manufacturing in the world So why is memory so important The semiconductors that we built the Memory chips handle the information that Makes modern Computing so valuable The data required for computing lives in The kind of chips that Micron makes And the examples are all around us The ability to change speech to text in

Your smartphones Advanced safety features in your modern Cars Massive e-commerce platforms driving Digital transformation Precise Medical Imaging systems that Help doctors make critical diagnosis All of these applications and myriads More depend on Fast accurate data and Because memory makes access to data easy It is at the heart of all of these Technology applications today Memory is also an essential component of Critical infrastructure including Aerospace applications like next Generation Radars avionics secure Communications and electronic defense Systems So I hope you understand Why memory is so important Memory really matters Advanced Computing systems require Continual innovation in memory and Micron teams lead the way Micron over 44 year history of the Company has now amassed more than 50 000 Patents we are an innovation Powerhouse We are the clear technology leader in Memory and we are now bringing that Leadership in Technology and Manufacturing Excellence to write here In Clay New York [Applause] And the importance of memory is also

Underscored by the sheer size of the Market the total market for memory is Expected to grow to more than 300 Billion dollars by the end of this Decade So it is obvious to meet the growing Demand for memory new Fabs need to be Built But not long ago an investment of the Scale that we have talked about today In the United States was not obvious at All in fact it was not even realistic Over the last 30 years foreign countries Have incentivized businesses to transfer Semiconducted manufacturing overseas Without similar public private Government partnership here in the States Cost to build in the U.S versus overseas Grew to as much as 45 percent higher USIS were simply unable to compete Effectively against these overseas Incentives But now what we are doing what many Thought impossible just a few years ago With the chips act totally changes that Now with chipset will make the U.S and New York Specifically a hub for Leading Edge Semiconductor Manufacturing This bill and what we are achieving Because of it is Reviving the belief That America can be a manufacturing Leader

[Applause] We are grateful to President Biden Commerce Secretary Gina raimando Senator Schumer Senator Jilly Brandt and So many others who ensured chips became A reality Senator Schumer in particular was a Fierce advocate for chips act and for New York Senator You were Relentless and that’s why we Are here today But equal But equally important are the many state And Community Partners who made New York A great fit for micron I’m appreciative to governor hokel for Her vision and drive to create an Incentive package led by the team at Empire State development that is helping Level the playing field Governor your Visionary creative Strategic firm And yet fair you helped achieved you Were instrumental in achieving this Partnership between Micron and New York Thank you And we also ’s work of so many here In the community who Envision this Future Center State CEO Rob Simpson County Executive Ryan McMahon mayor Walsh Congressman John ketko OCC president

Hilton and Syracuse Chancellor Seva root [Applause] Each of you have really been great Partners and we look forward to working With you as we move ahead And we know New York will stand Alongside us to ensure a successful Partnership Because we share common goals goal one Meeting the economic and National Security needs of the U.S Goal 2 securing long-term Global Semiconductor leadership for the US Three strengthening and expanding Central New York as a regional Semiconductor and Innovation Hub and Four generating profits benefits for a Wide range of stakeholders in the Community [Applause] In New York our alignment on these goals And your strong support has been Critical to making this the best site For our new Mega Fabs here in clay and We are really excited about about Becoming part of your community here You heard earlier today of the wide Range of trade and technical jobs Required for this project and of Micron’s partnership to invest in Workforce Development as well as in the Community We are proud to be partnering with New York to create a historic 500 million

Dollar green chips Community investment Fund and we look forward to seeing these Investments put to work for the benefit Of the community And we are investing nationally too The Micron Foundation is partnering with National Science Foundation in joint Funds to develop semiconductor Curriculum in colleges and universities All across the U.S Of course our partnership in New York Would not be possible were it not for The leadership that micron’s tremendous Global team of over 48 000 team members Has delivered for the company I’m really Grateful to all our team members Worldwide that do what they do every day For us enabling our leadership today and Our capability to launch this investment This mega fair project here in clay In particular [Applause] In particular I want to thank the team That worked with the New York team I Want to thank Manish and April Scott Rob Buddy as well as Courtney and so many Others in bringing us to this Milestone Today [Applause] I also want to thank micron’s Exceptional board who were an integral Part of our final decision to select New York for this Mega Fab site Lenny hainsworth and Rich buyer are here

Representing our board I would now like to ask I would now now like to ask Rich Lenny And the Micron team to stand and please Recognize this amazing team [Applause] Thank you team thank you Today is indeed a historic day we are at The beginning of a transformational Journey that will have an impact for Generations to come Transformational for micron and our Capabilities to create Leading Edge Memory Transformational for Central New York as Together we build a world-class Semiconductor hub Transformational for the United States And the world driving a Renaissance in Advanced manufacturing securing our Future and Building Technology Solutions That truly will enrich life for all Thank you And now Thank you And now it is my honor to invite President Biden to come back to the Podium to make closing remarks Very brief close remarks You’re a very patient audience but There’s a lot to be excited about It really is we use the word all the Time transformational but this is Transformational

And it’s not just here but it’s Primarily here and so I want to thank You all this is a big day for Central New York but it’s also a big day for the United States and uh with the my Grandfather would say with the grace of God and the Good Will of the neighbors And a creek not Rising we’re on our way Thank you all so very much Thank you [Applause] [Music]

My Patriot Supply