ALBANY, N.Y. — Albany NanoTech is the first flagship facility of the National Semiconductor Technology Center (NSTC). It follows a final agreement between NY CREATES, Natcast, and the U.S. Department of Commerce. The pact means $825 million in federal research and development (R&D) investment from Schumer’s CHIPS & Science Law, the office of U.S. Senate […]
ALBANY, N.Y. — Albany NanoTech is the first flagship facility of the National Semiconductor Technology Center (NSTC).
It follows a final agreement between NY CREATES, Natcast, and the U.S. Department of Commerce.
The pact means $825 million in federal research and development (R&D) investment from Schumer’s CHIPS & Science Law, the office of U.S. Senate Minority Leader Charles Schumer (D–N.Y.) announced Jan. 15.
NY CREATES is the owner and operator of the Albany NanoTech Complex, described as “nation’s largest and most advanced” nonprofit semiconductor R&D facility, according to the NY CREATES website. Natcast is a “purpose-built,” nonprofit entity designated to operate the NSTC, per the Natcast website.
The NSTC EUV (extreme ultraviolet) Accelerator at Albany NanoTech will be a place for leaders in the semiconductor industry to conduct research and collaborate, including bringing industry firms such as Micron Technology Inc. (NASDAQ: MU), which is coming to the town of Clay; IBM (NYSE: IBM); GlobalFoundries, Applied Materials, Tokyo Electron, ASML, and more to the table to partner on next-generation R&D, Schumer’s office said.
Having the designation as the NSTC EUV Accelerator will also open up opportunities for Albany NanoTech and Upstate NY to attract further federal investment and help attract more companies from around the world to Albany to conduct research, “all with the potential of creating more good-paying jobs and making Upstate NY a global leader in semiconductors.”
The U.S. Department of Commerce and Natcast intend for the NSTC EUV Accelerator at Albany NanoTech to be operational this year.
“With the final agreement in place, Albany NanoTech and Upstate NY has secured its future as the epicenter for America’s semiconductor research. This final contract locks in the massive $825 million in federal investment to make Albany NanoTech the flagship hub of the National Semiconductor Technology Center,” Schumer said in the announcement. “Historic breakthroughs researchers today cannot even fathom are going to happen in Albany thanks to this federal investment. America’s national security, our technological future, and our economy all rely on our country being able to produce the most cutting-edge chips, and this final agreement ensures that the epicenter of those federal research efforts will be right here in Upstate NY. Making Albany NanoTech an NSTC headquarters is critical to the success of Upstate NY’s transformational chips investments like Micron’s $100 billion investment in Central NY and GlobalFoundries’ $13 billion expansion in the Capital Region. It will help further attract new companies to the region, supercharging the chip ecosystem in Upstate NY and in the nation.”
