$10 Billion Partnership to Transform Albany NanoTech Complex into Nation's Leading R&D Hub

Governor Kathy Hochul has announced a $10 billion partnership with semiconductor industry leaders, including IBM, Micron, Applied Materials, Tokyo Electron, and others, to establish a next-generation semiconductor research and development center at NY CREATES' Albany NanoTech Complex. The partnership will fund the construction of a cutting-edge High NA Extreme Ultraviolet Lithography Center, positioning New York State as a destination for advanced semiconductor research. The project will create thousands of direct, indirect, and union construction jobs, support workforce development and sustainability, and enhance New York's position as a global hub for semiconductor manufacturing and innovation.