Green CHIPS legislation aims to support semiconductors, while other sectors also grow.
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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.