Schumer Announces $40 Million in Funding for CHIPS Act

New Yorkers can start calling I-90 the “semiconductor superhighway.” Senate Majority Leader Chuck Schumer has already done so after announcing a $40 million investment through the CHIPS Act coming to the state.

“In a few years, a quarter of all the chips made in the United States will be in this corridor. Is that incredible?” Schumer said. “Not just a quarter of New York’s, but a quarter of all the chips in the United States of America. That’s amazing.”

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Sen. Chuck Schumer announced $40 million for the NY SMART I-Corridor Tech Hub, in Buffalo, Rochester and Syracuse

The funds were made available through the CHIPS Act, providing money for technical development

Schumer says that eventually 25% of all microchips manufactured in the United States will come from this I-90 corridor.

Schumer’s first stop Tuesday was in Syracuse to announce the “NY SMART I-Corridor Tech Hub,” comprised of the Buffalo, Rochester and Syracuse regions, which were selected as one of 12 tech hubs to win the federal grant.

The region will be able to use the funds to expand workforce training, strengthen the existing manufacturing sector and attract new supply chains.

“The days of parents having to go to the airport to say goodbye to their graduates because they couldn’t find jobs here and wanted to go somewhere else are over,” the senator said. “It’s the opposite now. Parents from all over the country are saying goodbye to their children who are coming to Central New York.”

Schumer’s trip continued to Buffalo, where technological development will not only provide the resources needed for American manufacturing, but also create thousands of jobs throughout the Upstate.

“We’re already starting to see job creation,” he said. “Some of these companies are expanding. Edwards is creating 600 jobs. Corning just created 200 jobs. I think every month you’ll hear about different job creations as we move forward with this project.”

New York’s 25th District Representative Joe Morelle said the funding would be a great use in a state with a long history of technological progress.

“We face fierce competition around the world because people want to be the leaders,” Morelle said. “But this is something extraordinary for us and the spirit of discovery that is inherent in this region. We will continue to lead the country and fight for this funding.”