SYRACUSE, N.Y. (WENY) -- President Joe Biden made an appearance at Onondaga Community College (OCC) Thursday afternoon regarding the new Micron Technology Incorporation’s new project. 

Micron plans to invest $100 billion over the span of 20 years in order to build a semiconductor plant in Clay, just outside of Syracuse, and promises to create 50,000 jobs.

“Folks, we’re here to celebrate one of the most significant investments in American history, and it’s gonna run entirely on renewable energy,” said President Biden. 

Earlier this year, Biden signed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act – which is designed to boost national competitiveness, innovation, and national security. 

Biden said that the United States produces only 10% of total chips manufactured. The President also said that by making the chips in America, companies won’t have to wait months for product because of a pandemic or a global shortage – calling it a “game changer.” 

Micron will keep their investments local. The company announced it will give back to OCC and give $500 million to build a clean room and support the college. 

Micron also plans to invest $10 million over 10 years for the first collaborative Science, Technology, Engineering and Mathematics (STEAM) school. The school would offer this to a diverse range of students to reduce the barriers in STEAM. 

Today’s visit was President Biden’s second trip to Central New York because of investments in the semiconductor chip industry. 

Earlier this year, Biden signed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act – which is designed to boost national competitiveness, innovation, and national security. It also provides billions of dollars to boost research manufacturing of semiconductors in the U.S. 

 Governor Kathy Hochul alongside Majority Leader Senator Chuck Schumer and Senator Kirsten Gillibrand all spoke at the event. Governor Hochul said she was excited to have the Micron Plant in Syracuse.

"This is not just CHIPS corridor, this is CHIPS country. This is New York State," said Hochul.

Executive Vice President of Global Operations Manish Bhatia talked about memory and how it's a part of every day life even outside of a computer.

"You have to have memory no matter where you go. All of them need ever increasing amounts of memory, and we are living in the big data era. Storage and memory make up more than the semiconductor wafers. We are the only American memory manufacturer that's been building memory for more than 40 years," said Bhatia.