|
International SEMATECH to Move HQ to Hudson Valley In $600 Million Expansion at Albany NanoTech
(May 9, 2007) - International SEMATECH, the global consortium of leading nanoelectronics manufacturers, recently announced a $600 million expansion of its existing research and development program at the Center of Excellence in Nanoelectronics and Nanotechnology at the University of Albany.
As part of its largest expansion ever, International SEMATECH will move its headquarters from Austin, Texas to Albany, increase its workforce in Albany by 450 jobs over three years and provide some $25 million for research at five colleges and universities around New York State.
"New York is positioning itself as a leader in the innovation economy by providing both the facilities for state-of-the-art research and education of the tech savvy work force, and the assistance to translate nanoelectronics innovations into commercial products," said Gov. Eliot Spitzer in making the announcement.
"We believe that the establishment of our International SEMATECH headquarters and operations in New York significantly strengthens our competitiveness," noted the Michael R. Polcari, President and CEO of the consortium.
International SEMATECH has had a satellite operation at the University of Albany since 2002. More than 1,600 scientists, researchers and other staff now work at the Albany facility, a $3.5 billion, 450,000-square-foot complex known as Albany NanoTech.
###
|
