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$55 billion semiconductor project near Flint canceled due to ‘economic uncertainty’

MUNDY TOWNSHIP, MICHIGAN, JUL 16 – The $55 billion semiconductor project near Flint was canceled due to rising economic uncertainty and tariff concerns, ending plans for up to 10,000 new jobs, officials said.

  • A $55 billion semiconductor project near Flint, Michigan was canceled due to 'economic uncertainty' at the national level.
  • The advanced manufacturing company cited rising economic uncertainty and concerns about potential federal policy shifts, including tariffs, as reasons for not moving forward with plans to construct the semiconductor plant anywhere in the U.S.
  • Michigan officials expressed disappointment but remained committed to attracting an advanced manufacturer to the Genesee County site, which is considered one of the 'premier' large-scale industrial development opportunities nationwide.
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Whitmer says 'massive economic uncertainty' is to blame on semiconductor project failure in Michigan

A widely anticipated potential semiconductor project that would have brought a new plant to Michigan has fallen through and Gov.

·United States
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Spectrum Local News broke the news in United States on Wednesday, July 16, 2025.
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