Green CHIPS legislation aims to support semiconductors, while other sectors also grow.
The Empire State is capitalizing on the opportunity to foster the semiconductor industry in the United States with Governor Kathy Hochul signing Green CHIPS legislation (S.9467/A.10507) in August. The legislation is aimed at bolstering economic growth and maintaining environmental protections while making New York a hub for semiconductor manufacturing. Green CHIPS focuses on generating at least $3 billion investment, creating 500 new jobs per project, and lowering greenhouse gas emissions related to chip production, according to the state.
