Biden Administration Invests $825 Million in Albany NanoTech's National Semiconductor Technology Center for EUV Lithography Research

Oct 31, 2024, 01:51 PM

The National Semiconductor Technology Center (NSTC) will establish its flagship facility at Albany NanoTech, backed by an $825 million investment from the Biden administration. This initiative, part of the CHIPS for America program, aims to enhance semiconductor research and development in the U.S. The NSTC is expected to focus on extreme ultraviolet (EUV) lithography technology, positioning the Capital Region of New York as a leader in semiconductor innovation. Key figures, including Senator Chuck Schumer and Secretary of Commerce Gina Raimondo, emphasized the significance of this investment for the region's economy and the nation's technological leadership. The facility is anticipated to drive advancements in next-generation chips and maintain U.S. competitiveness in the global semiconductor market.