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American City Business Journals

State budget suggests Chatham-Siler City megasite vying for $4.8 billion computer chip factory

A part of the state budget agreement among North Carolina legislators announced Tuesday suggests a computer chip maker may be considering northern Chatham County for a factory that could surpass the record set only three months ago by the VinFast electric-vehicle plant as the state’s biggest-ever one-site economic development project. The provision appropriates $112.5 million to the Department of Commerce for a project involving an unidentified business that would make computer chips and invest $4.8 billion in private funds and create at least 1,800 jobs in Chatham County. The $4.8 billion would surpass the $4 billion electric vehicle maker VinFast is set to invest in its plant announced in late March for the other megasite in Chatham County, the Triangle Innovation Point, formerly known as the Moncure Megasite.

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