This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: New York semiconductor analysis web site picked for $825 million in CHIPS act funding
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
Business

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

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

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.

Beneficial publication
Knowledge Sheet: Keep on high of the enterprise of tech with considerate evaluation on the business’s greatest names.
Enroll right here.
TAGGED:actchipsfundingmillionpickedresearchsemiconductorsiteYork
Share This Article
Twitter Email Copy Link Print
Previous Article Matthew Perry’s LA house sells for .55M in off-market deal Matthew Perry’s LA house sells for $8.55M in off-market deal
Next Article Billionaires have enterprise pursuits hinging on election consequence Billionaires have enterprise pursuits hinging on election consequence

Editor's Pick

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

Get Your Article or Interview Featured Across 10 U.S. News Publications Through Enspirers

Get Your Article or Interview Featured Across 10 U.S. News Publications Through Enspirers

Author, Dan SmithOne submission. Ten U.S. publications. A simpler way…

September 17, 2026

Ex Hollywood actress, Jenna Jowers clears the air on her being missing

I left acting at 27. Years…

September 17, 2026

Test Post

Author, Dan SmithTesting Contributor Disclaimer: This…

September 17, 2026

Become an Enspirers Contributor: Build Your Voice Across a Growing U.S. Media Network

Author, Samuel HopkinsPublish Your Ideas. Build…

September 17, 2026

Welcome to Enspirers: A New Generation of Contributors Begins Its Publishing Journey

Author, Samuel HopkinsThere is always something…

September 16, 2026

You Might Also Like

Redesigning How Enterprises Ship
BusinessTrending

Redesigning How Enterprises Ship

A conversation with Sabarish Sasidharan Nair, Varun Thazhathekalathil, and Sudheesh Sudhakaran — the practitioner-researchers behind Triad Flow™ — on the…

10 Min Read
Tyler and Trusted Ticks Champion a Structured Approach to Futures Trading Education
BusinessTrending

Tyler and Trusted Ticks Champion a Structured Approach to Futures Trading Education

For individuals entering the world of futures trading, finding educational content that focuses on long-term development rather than short-term excitement…

3 Min Read
AZA Law Firm’s IP Litigation Team and Patent Trial Work in Houston
BusinessTrending

AZA Law Firm’s IP Litigation Team and Patent Trial Work in Houston

Patent case filings in the Eastern District of Texas rose by more than 22% in 2024, with upward of 1,000…

10 Min Read
Dr. Divenchy Strengthens His Position as a Trusted Educator in Financial Literacy and Wealth Development
BusinessTrending

Dr. Divenchy Strengthens His Position as a Trusted Educator in Financial Literacy and Wealth Development

In today’s rapidly changing financial environment, the ability to understand money, investing, and long-term wealth creation has become essential for…

4 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?