July 12, 2005 — Honeywell announced on Monday that it intends to invest at least $5 million during the next five years into laboratory equipment and research activities at Albany NanoTech. Honeywell also will locate laboratories and researchers at the center to work on next generation materials for the semiconductor industry.

“This investment will allow us to continue to develop new materials critical to continuing the relentless pace of circuit miniaturization,” said Saket Chadda, chief technology officer for Honeywell Electronic Materials, in a prepared statement

The company said it intends to focus its work at Albany NanoTech on the development of metal precursors and other materials related to Atomic Layer Deposition (ALD), a semiconductor manufacturing technique that deposits a single layer on a chip that is only one atom or one molecule thick.

Albany NanoTech is home to the College of Nanoscale Science and Engineering (CNSE) and the New York State Center of Excellence in Nanoelectronics (NYSCEN) of the University at Albany, State University of New York. The 450,000-square-foot complex houses 200mm and 300mm wafer facilities and encompasses nanoelectronics, system-on-a-chip technologies, biochips, optoelectronics and photonics devices, closed-loop sensors and ultra-high-speed communication components.