Micron announced on Oct. 4 that it planned to spend as much as $100 billion over the next 20 years or more to build a huge computer chip factory complex in upstate New York, the latest move by a major semiconductor maker to invest in the United States.

The New York Times said the commitment by Micron is a sign that the federal government’s prodding and package of generous incentives is helping to steer investment decisions. Legislation that passed in August, the CHIPS and Science Act of 2022, provides $52 billion in grants and subsidies for companies to build and expand computer chip factories in the country.

“There is no doubt that without the CHIPS act, we would not be here today,” said Sanjay Mehrotra, chief executive of Micron.

The legislation, along with favorable tax treatment and partnerships with state governments like New York, are key ingredients needed to match the subsidies offered by Asian nations and “bring chip-making back to America,” Mehrotra said

Senator Charles Schumer, Democrat of New York and the majority leader, has championed the chip legislation and his state as a site for semiconductor investment. Gov. Kathy Hochul worked on the state’s behalf to persuade Micron.

The giant factory will be built in Clay, N.Y., about 15 miles north of Syracuse. Micron said site preparation would begin next year, construction in 2024 and production in volume after 2025.