According to reports, Micron recently announced that the company is committing to invest $100 billion to build a chip factory near Syracuse, New York.

The report pointed out that Micron's new manufacturing center will consist of four separate factories on 1,300 acres in Clay, New York, just north of Syracuse. The factory will create about 9,000 jobs over the next 20 years and will also bring 40,000 construction and supply chain jobs to the region. When construction is complete and production begins, Micron will need about 3,000 workers to start up.

Micron said the factory will be the largest semiconductor manufacturing facility in U.S. history. In addition, the factory is scheduled to start construction in 2024 and start production in 2025.