Albany Selected for $825 Million Semiconductor Center

The Biden administration has announced an $825 million investment in a new semiconductor research and development facility at the Albany NanoTech complex in New York, making it one of three National Semiconductor Technology Centers established under the 2022 CHIPS Act. This facility will focus on extreme ultraviolet (EUV) lithography technology, essential for producing advanced chips, and aims to enhance U.S. competitiveness against international rivals, particularly in high-tech manufacturing. Senate Majority Leader Chuck Schumer emphasized that this development will strengthen both national security and economic competitiveness by fostering collaboration between industry and academia. New York's Governor Kathy Hochul highlighted the state's commitment to reviving advanced manufacturing and creating jobs through this initiative. The center's establishment is seen as a pivotal moment for Upstate New York's chipmaking industry, with future projects expected to leverage the advanced technology available at the site. Oregon, which had also vied for the facility, expressed disappointment over the decision favoring New York.