I think this is good. The creation of jobs is always good news. I am a little surprise that they selected upstate New York. But I am sure they reviewed the population growth and received a tax discount from city council.
@HS_SemiPro, you wrote:
"PLus NY state offered like no tax for long time 10-20years and cities are developing infrastructure. (offsetting cost of bulding a FAB in TAx beaks)"
The state of New York's interest and investment in this is serious. After having lived in Silicon Valley for a decade and then moved to NY, i had to do a double take, when I began seeing lots of TV commercial -- by the state of NY -- showing off images of clean rooms of semiconductor fabs.
It would be a big news for many engineers who is looking for a right place to work in the east. If the infrastucture is right and the government supports there would be many more fab houses icoming to new york.
New York should be a great example to other states. Maybe IBM is also a driving force here. NY has created at SUNY the outstanding CNSE, then Globalfoundries at Luther Forrest, and Marcy Nanocenter is on the radar. We don't hear about project Azalea much after the bill died at the Oregon legislature. The idea that TSMC would build a fab in the US is not so far fetched anymore once they get more business from Apple. TSMC has already a fab in the US and just look at Samsung in Austin: they converted the Flash fab to Logic. Being close to customer Apple may be a driving force here. So, we see Globalfoundries or now also TSMC as candidates. What counts are the tax breaks, holidays and any cash from the government.