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Reading: New York semiconductor analysis web site picked for $825 million in CHIPS act funding
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The Texas Reporter > Blog > Business > New York semiconductor analysis web site picked for $825 million in CHIPS act funding
Business

New York semiconductor analysis web site picked for $825 million in CHIPS act funding

Editorial Board
Editorial Board Published October 31, 2024
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New York semiconductor analysis web site picked for 5 million in CHIPS act funding
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New York semiconductor analysis web site picked for $825 million in CHIPS act funding

A semiconductor analysis facility in upstate New York was chosen as one in every of three nationwide expertise facilities and can obtain as much as $825 million in funding as a part of a broader federal effort to spice up america’ competitiveness within the business.

U.S. Sen. Chuck Schumer made the announcement Thursday.

The Albany NanoTech complicated was chosen by federal officers because the nationwide headquarters for analysis right into a cutting-edge semiconductor expertise generally known as excessive ultraviolet, or EUV, lithography. The lab can have probably the most superior chip-making equipment on this planet and permit researchers from the semiconductor business to collaborate with their college counterparts, in keeping with Schumer, the Senate’s Democratic majority chief.

“When you do the high-end research, which will be done here, and you can make the most advanced chips in the world, it makes sure that our military has the edge,” Schumer mentioned in a phone interview. “It makes sure our economy and our companies have the cutting edge, as well,”

The Nationwide Semiconductor Expertise Middle Excessive Ultraviolet Accelerator is scheduled to start working subsequent yr. The contract for it stems from the 2022 CHIPS and Science Act, which was designed to create extra high-tech jobs and assist america compete with worldwide rivals like China. The Biden administration has set a aim for the U.S. to make 20% of the world’s superior chips.

The Albany lab’s choice additionally advances longstanding efforts by Schumer and different authorities officers to make upstate New York a world middle of semiconductor analysis and manufacturing.

Gov. Kathy Hochul late final yr introduced a partnership with the semiconductor business to fund development of the EUV Middle.

The Biden administration introduced in February that the federal government would offer $1.5 billion to the pc chip firm GlobalFoundries to broaden its home manufacturing north of Albany and in Vermont. And in April, the administration introduced an settlement to supply $6.1 billion in authorities help for Micron Expertise to supply superior reminiscence laptop chips close to Syracuse, New York; and in Boise, Idaho.

“This is going to make upstate New York the center of semiconductor research, not just for America, but for the world,” Schumer mentioned.

The Division of Commerce has not but introduced the place the opposite two nationwide expertise facilities will likely be.

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