President Joe Biden stopped by Syracuse before he went to the fundraiser in Irvington Thursday to make a big announcement about the nation's technological growth.

He met with leaders, including Gov. Kathy Hochul to announce that a Micron chip factory will open by 2028.

The U.S. is investing $6 billion to open two Micron semiconductor chip factories.

The first factory opens in Idaho in two years and will be followed by the opening of the one in Clay, just north of Syracuse, two years after that.

Chips power smartphones, satellites, artificial intelligence systems and more.

"It's going to create an entirely new ecosystem in research, design, manufacturing of advanced chips here in America," Biden said.

"It's the 50,000 jobs that follow which will transform this region forever," Hochul said .

The funding for this project comes from the bi-partisan Chips and Science Act.