Schumer urges Samsung to build new $17 billion factory at STAMP site
Press Release, U.S. Sen. Charles Schumer
TOWN OF ALABAMA – After working tirelessly last year to secure a provision in the FY2021 National Defense Authorization Act to boost American-based semiconductor manufacturing, U.S. Senate Majority Leader Charles E. Schumer yesterday followed up on his efforts and reached directly out to Samsung Senior Vice President of Samsung Device Solutions, Joe Herr, and other top brass about Samsung’s interest in locating their new plant on the Genesee STAMP campus and expressed his strong support for the project coming to Western New York.
Samsung is currently considering the STAMP campus, as well as several other locations in other states, for its semiconductor fabrication (“fab”) plant – with 1,900 jobs – that the company plans to open late next year. Samsung’s Device Solutions division includes Samsung’s Global Semiconductor Foundry business.
“This Samsung project is an exciting and a potential game changer for the region. I made it clear to Samsung that I strongly support locating their planned 1,900 worker state-of-the-art semiconductor chip fab at the shovel-ready STAMP site in Genesee County,” Schumer said in a news release. “I know firsthand that STAMP is shovel-ready – and that, combined with Upstate New York’s robust semiconductor industry, make Genesee the perfect location for Samsung’s new chip fab.”
Schumer has long championed the Genesee site and toured STAMP in August, and knows firsthand how ideal the campus would be as home for Samsung’s new chip fab. Schumer explained to Samsung that he, alongside the Genesee County Economic Development Center, New York State, and Western New York officials, worked for a decade to help ensure that it was shovel-ready for a semiconductor facility.
“Our world-class Western New York workforce combined with New York’s considerable experience in semiconductor manufacturing and R&D means STAMP is tailor-made to be the home for Samsung’s new facility,” Schumer said. “I stand ready to help Samsung harness all that the federal government has to offer to continue to lead the tech industry and position New York as a global hub of semiconductor manufacturing.”
Schumer said Samsung is relying on his legislation to building new fabs like this one in the U.S. In fact, Schumer pointed out, the U.S. has gone from producing 24% of the world’s semiconductors in 2000, to just 12% while China, by comparison, has gone from producing zero chips to 16% of the world’s supply because the U.S. is not matching the investments that other competing nations are making in order to land new job-creating semiconductor chip fabs.
Schumer’s first-ever legislation will reverse this imbalance and level the playing field for companies like Samsung to build new chip fabs in the United States. For the first-time Schumer’s legislation will provide federal incentives to semiconductor chip fabs to build in the U.S.
The senator pointed out many cost and infrastructure advantages to the STAMP campus location, including low utility costs, access to existing transportation networks, access to New York state’s existing chip fab supply chain ecosystem, and 62 colleges, universities, and community colleges within a 2-hour drive of the site including Cornell University, University at Buffalo, Rochester Institute of Technology, University of Rochester, Genesee Community College.
“The STAMP campus, sitting on 1,250 acres of land between Buffalo and Rochester, New York’s second and third largest metros respectively, with a 1.2 million person world-class workforce, is specifically designed for large-scale fabs and provides maximum flexibility in layout and infrastructure connections,” he said.