Gov. Kathy Hochul announced a $10 billion partnership with semiconductor industry companies including Armonk-based IBM (NYSE:IBM) on the creation of a research and development center at NY CREATES’ Albany NanoTech Complex.
IBM is one of several key private sector companies investing in the creation of an advanced semiconductor research and development program to be launched in Albany, N.Y. The center "will secure a strong pipeline for semiconductor innovation," IBM's top executive says.