Micron Technology said it's cutting its executive salaries by as much as 20%, as they deal with an industry wide slump. 

The company said it will also suspend bonuses for all executive officers, trimming the salaries of a broader group of executives and non-employee members of the board. 

It announced this past December that it will cut 10% of its workforce due to the sluggish demand for chips.

Micron said it's investing $100 billion in Central New York to build a massive chip factory at White Pines Commerce Park in Clay.