Micron Technology announced plans earlier this week to invest up to $100 billion over the next few decades to build a massive semiconductor factory in central New York state.

The "megafab" will be the largest computer chip fabrication facility in the U.S.

A press release on their website suggests that it will break ground on the new project in Clay, New York, near Syracuse, starting next year.

The Boise, Idaho-based company expects to spend $20 billion by the end of this decade in the initial phase of development.

The new megafab will increase domestic supply of leading-edge memory and create nearly 50,000 New York jobs, including approximately 9,000 high paying Micron jobs.

Senate Majority Leader Charles Schumer said, "After years of work, it’s official—Micron is coming to Central New York! With the CHIPS and Science bill, I wrote and championed as the fuse, Micron’s $100 billion investment in Upstate New York will fundamentally transform the region into a global hub for manufacturing and bring tens of thousands of good-paying high-tech and construction jobs to Central New York."

The construction phase of the project will no doubt create all sorts of craft positions, both unskilled positions like laborers, to other positions such as equipment operators, welders, millwrights, electricians, pipefitters, mechanics and assorted other construction jobs.

"This project is a dramatic turning point for a region that has faced decades of lost manufacturing jobs" he continued.

"Together, we are leveraging this investment – the largest private-sector investment in state history – to secure our economic future, solidify New York’s standing as a global manufacturing hub, and usher the state into another Industrial Revolution."