Andrew Cuomo announced today that a consortium of tech companies will be investing $4.4 billion in chip fab research facilities around the state. The Cuomo admin says the research effort will create and/or retain 6,900 jobs -- 800 of them at UAlbany's College of Nanoscale Science and Engineering (CNSE) complex.
You'll recognize many of the names of the corporations involved: Intel, IBM, GLOBALFOUNDRIES, TSMC and Samsung. Said Cuomo this morning at the NY Open for Business conference at the ESP: "These companies could have gone anywhere on the globe ... they're investing right here in New York."
In addition to Albany NanoTech, there will also be investment at IBM in Fishkill, SUNYIT in Utica, and CNSE's facility in Canandaigua.
The state is putting $400 million toward this effort, which the Cuomo admin says will go directly to CNSE at UAlbany -- and all the tools and equipment will belong to the college.
The research will focus on making computer chips from 450 mm wafers. Current technology uses 300 mm wafers, and the larger size offers the potential of cheaper, faster chips. As an Intel exec told the audience today: "[450 mm] allows us to continue Moore's Law in an economic way."
That CSNE building going up at Washington and Fuller in Albany will house the facilities for this effort, and be called NanoFab West or NanoFab X. UAlbany has been coy about the purpose of that building, maybe because it was sitting on this announcement. It's also expected the expansion will house green energy research, including that $400something million solar panel research consortium. [TU CapCon] [TU Places and Spaces] [TU] [CSNE]
It's probably fair to say Cuomo was stoked this morning. As he crowed at one point during his remarks: "We won a very important competition globally. ... Why? Because we are New York. That's why we won it."
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