After spending $260 million buying 1,300 acres Michigan loses massive semiconductor plant. [View all]

The company planning a massive semiconductor manufacturing center that promised 10,000 jobs near Flint pulled the plug on the deal this week, according to Michigan Gov. Gretchen Whitmer, who blamed the move on “national economic turmoil."

The Sandisk Corporation had been eying the Genesee County megasite — about 1,300 acres so far, funded by $260 million in taxpayer dollars. Michigan was the company’s “preferred destination,” Whitmer said Monday in a statement.

The firm’s decision to drop the $63 billion project followed a years-long effort to assemble the massive property, which the state’s economic developers said was a top site in the nation for such a facility.

Whitmer has made the project a central focus of her second term. In May, she laid out her goal to land a major semiconductor fabrication plant by the end of next year — her last in office.

https://www.bridgemi.com/business-watch/michigan-loses-massive-semiconductor-plant-whitmer-blames-national-economic-turmoil