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Home / Business / The upstate plant in New York gets $ 1 billion in investment

The upstate plant in New York gets $ 1 billion in investment



UTICA, NY (AP) – Cree Inc., a Durham, North Carolina-based semiconductor manufacturer, will invest $ 1 billion in a new plant in New York State.

The move was announced Monday by company executives and state officials, who said the state will chip in $ 500 million in incentives.

Officials say that when completed in 2022, the nearly 500,000-square-foot facility in Marcy, near Utica, will be the world's largest plant for silicon carbide production. [19659002] gov. Andrew Cuomo called Cres decision to invest in New York for an economic "game changer" and a major victory for the state's efforts to attract high-tech investment in the state.

The plant is expected to employ 600 workers.

Cree focuses on silicon carbide disks, a type of semiconductor that can operate at high temperatures. They are especially in demand for use in electric vehicles and telecommunications


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