Economic reports or analysis from local government or economic research bodies

National Semiconductor Technology Center to Open $825 Million EUV Facility at Albany NanoTech, Plus $16 Million for Local Manufacturing

Oct 31, 2024, 02:43 PM

The National Semiconductor Technology Center (NSTC) will establish its flagship facility at Albany NanoTech in New York, backed by a federal investment of $825 million. This initiative, part of the CHIPS & Science Law, aims to enhance the United States' capabilities in semiconductor research and development, particularly in extreme ultraviolet (EUV) lithography. New York officials, including Senator Chuck Schumer and Representative Paul Tonko, emphasized the significance of this investment in positioning the Capital Region as a leader in semiconductor innovation. The NSTC is expected to drive advancements in technology and foster economic growth in the area, with additional funding of $16 million aimed at upgrading local manufacturing and infrastructure. The announcement marks a pivotal moment in the Biden administration's efforts to strengthen the U.S. semiconductor industry and maintain global competitiveness.