Sen. Chuck Schumer, President Joseph Biden, Sanjay Mehrotra, Gov. Kathy Hochul and Sen. Kristen Gillibrand walk through a display at the SRC Arena. The president made a trip to Syracuse on Oct. 27 to celebrate the federal government’s effort to spur domestic research and manufacturing of semiconductors, spending that will help bring a Micron Technologies megafab plant and a $100 billion investment to Central New York. Dennis Nett/syracuse.com

Washington — U.S. Sen. Charles Schumer on Friday urged the Treasury Department to move quickly and finish setting guidelines for a new investment tax credit aimed at computer chip manufacturers like Micron Technology.

Micron and Schumer, D-N.Y., have said the company would not be able to build a planned $100 billion complex of computer chip plants in Syracuse’s northern suburbs without the tax credits.

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