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NY CREATES announces $10 billion venture for chip R&D facility

New York State partners with IBM and other companies on semiconductor R&D complex

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.

Gov Hochul announces $10 billion partnership for semiconductor research, development

Gov Hochul announces $10 billion partnership for semiconductor research, development
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IBM joins $10B partnership for new semiconductor R&D center in New York

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.

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