Commerce Department announces $825M investment in N.Y. semiconductor center

Commerce Secretary Gina Raimondo speaks during a House Subcommittee hearing at the U.S. Capitol on June 26, 2024. She praised a new investment into a tech facility in New York on Thursday. File Photo by Bonnie Cash/UPI | License Photo
Oct. 31 (UPI) — The Commerce Department announced Thursday an $825 million investment for a semiconductor center in New York, further expanding the country’s efforts to create a domestic technology supply chain. The department and Natcast, the operator of the National Semiconductor Technology Center, said the new research and development facility will be built in Albany. Advertisement
It will be built within the Albany NanoTech Complex, officials said.
The facility will house extreme ultraviolet accelerator technology as well as the research and development that supports it.
Natcast and NY CREATES, a nonprofit that supports semiconductor research and development, operates the Albany complex.