Albany Selected for $825 Million Semiconductor Center
Albany Selected for $825 Million Semiconductor Center
Albany Selected for $825 Million Semiconductor Center
News summary

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.

Story Coverage
Bias Distribution
67% Left
Information Sources
bd7f581c-6294-4fb3-adfe-81db52a08452cad3d7a8-9ce2-4060-a6fb-3964c8b50089a3544a73-dab3-486d-ae75-bd4d15f01f55
Left 67%
Center 33%
Coverage Details
Total News Sources
3
Left
2
Center
1
Right
0
Unrated
0
Last Updated
11 days ago
Bias Distribution
67% Left

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News