3.9 C
London
Saturday, March 15, 2025
HomeBusiness$825 Million Invested in New York Semiconductor Research Site

$825 Million Invested in New York Semiconductor Research Site

Date:

Related stories

Trump’s Potential Path to Victory in Ukraine

The Trump team is encountering difficulties in devising a...

Great Deal: Save $100 on Sennheiser Accentum Earbuds

As of February 25, the Sennheiser Accentum True Wireless...

Thieves Steal $2 Million in Nikes from Freight Trains

Authorities are conducting investigations into a series of heists...

Wealthiest U.S. households contribute almost half of consumer spending

A report by Moody's Analytics, authored by chief economist...
spot_img

A semiconductor research facility in upstate New York has been chosen as one of three national technology centers and is set to receive up to $825 million in funding. This initiative is part of a broader federal effort to enhance the United States’ competitive edge in the semiconductor industry.

The announcement was made on Thursday by U.S. Senator Chuck Schumer. The Albany NanoTech complex has been designated by federal officials as the national headquarters for research into a cutting-edge semiconductor technology known as extreme ultraviolet (EUV) lithography. According to Schumer, the Senate’s Democratic majority leader, the lab will feature the most advanced chip-making machinery globally and will enable collaboration between researchers from the semiconductor industry and their university counterparts.

Schumer stated in a telephone interview that conducting high-end research at the facility ensures the United States maintains a technological edge in military capabilities and strengthens its economic competitiveness.

The National Semiconductor Technology Center Extreme Ultraviolet Accelerator is scheduled to commence operations next year. This development is part of the 2022 CHIPS and Science Act, which aims to create more high-tech jobs and bolster the United States’ competitive stance against international rivals, such as China. The Biden administration has set an objective for the U.S. to manufacture 20% of the world’s advanced chips.

The selection of the Albany lab advances ongoing efforts by Schumer and other government officials to position upstate New York as a global hub for semiconductor research and manufacturing. Governor Kathy Hochul announced a partnership with the semiconductor industry late last year to finance the construction of the EUV Center.

In February, the Biden administration revealed that $1.5 billion would be allocated to computer chip company GlobalFoundries to expand domestic production north of Albany and in Vermont. Additionally, in April, the administration announced a $6.1 billion government support agreement with Micron Technology for producing advanced memory computer chips in Syracuse, New York, and in Boise, Idaho.

Schumer remarked that these initiatives are set to establish upstate New York as a central hub for semiconductor research not only in the United States but globally.

The Department of Commerce has yet to announce the locations of the other two national technology centers.

Source link

DMN8 Partners
DMN8 Partnershttps://salvonow.com/
DMN8 Partners utilizes a strategy of Cross Channel marketing including local search engine optimization, PPC, messaging and hyper-targeted audiences allow our clients to experience results and ROI that fuel growth and expansion in their operations. There are a lot of digital marketing options across the country but partnering with an agency that understands multiple touches on multiple platforms allows your company’s message to be seen at the perfect time, on the perfect platform, by your perfect prospect. DMN8 Partners has had years of experience growing businesses. Start growing your business today and begin DOMINATE-ing your market.