New York Joins IBM, Micron in $10 Billion Chip Research Complex

New York has partnered with chip firms to build $10 billion semiconductor research site at University at Albany, featuring cutting-edge ASML equipment to develop most advanced chips. From a report: Once the machinery is installed, the project and its partners will begin work on next-generation chip manufacturing there, according to New York Gov. Kathy Hochul's office. The partners include tech giant IBM, memory manufacturer Micron and chip manufacturing equipment makers Applied Materials and Tokyo Electron.

The expansion could help New York's bid to be designated a research hub under last year's $53 billion Chips Act. That legislation included $11 billion for a National Semiconductor Technology Center to foster domestic chip research and development. Expanding domestic chip manufacturing and research has become a federal and state-level priority in recent years as concern grows in the U.S. over China's expanding grasp over the industry. Chips are increasingly seen as a crux of geopolitical power, underlying advanced weapons for militaries and sophisticated artificial-intelligence systems.

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