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.
The government of New York has partnered with IBM, Micron, Applied Materials, Tokyo Electron and other companies to invest $10 billion in the establishment of a new semiconductor research and development facility at the Albany NanoTech Complex in the state. The facility will be equipped with an ASML-built high-numerical aperture extreme ultraviolet lithography system, which IBM used to develop the world’s first 2 nanometer node chip in 2021, the company said Tuesday.
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.