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The state funds will go toward construction at the Albany NanoTech Complex and the purchase of advanced equipment for semiconductor chip research and development.
Gov. Kathy Hochul and state and federal lawmakers announced on Monday a $10 billion partnership to create a new research and development semiconductor center.
The EU and the US have a rich history of collaborating on the development of semiconductors, but those links now need to be strengthened, according to speakers Tuesday at a joint conference on transatlantic semiconductor cooperation organised by Science|Business and a Washington-based think tank, the Center for Strategic and International Studies.