An employee of NexGen Power Systems in DeWitt works in a cleanroom where the company made power transistors. (2019 file photo)Rick Moriarty | rmoriarty@syracuse.com
Syracuse, N.Y. — New York took an extraordinary gamble when it built a $100 million microchip factory in a Syracuse suburb at taxpayer expense, and its recent failure was entirely predictable, a critic of government subsidies for businesses says.
“I can’t think of a riskier project to build on spec than a microchip plant,” said Greg Leroy, executive director of Good Jobs First. “It would be extremely risky for the private sector to do that, and even more risky for the public sector to do that.”
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