New York to see $2.7 billion in private semi, nanotech investment

Jan. 5, 2005 — New York Governor George Pataki announced $2.7 billion worth of private commitments today to build semiconductor and nanotechnology research and development infrastructure in New York state. The announcement was part of the governor’s 2005 State of the State Address, broadcast online this afternoon.

The total commitment is comprised of three projects, according to a transcript of Pataki’s remarks. They are as follows:

IBM and six other global companies, including Sony, Toshiba and Samsung, will invest $1.9 billion to build a next-generation chip plant in the Hudson Valley.

Chip equipment manufacturer ASML will invest more than $325 million to create its first-ever R&D center outside Europe at Albany Nanotech’s Center of Excellence in Nanoelectronics. ASML is based in The Netherlands.

IBM and a consortium of nanoelectronics equipment suppliers will fund a $450 million expansion of the R&D capabilities at the Albany Center of Excellence.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.