New York Semiconductor Hub Receives $825 Million Federal Boost

On October 31, the Biden administration designated the Albany NanoTech Complex in upstate New York as one of three new national technology centers, set to receive up to $825 million in funding. United States Senator Chuck Schumer announced that the center would lead advanced research into extreme ultraviolet (EUV) lithography, an innovative chip-making technology. This project aims to position the U.S. as a leading force in semiconductor manufacturing, enhancing national security and economic competitiveness.

Schumer highlighted the significance of this facility, noting that its high-end research capabilities will support the U.S. military and keep American companies at the forefront of the tech industry. The Albany center is part of the broader $52 billion CHIPS and Science Act, passed in 2022, to strengthen domestic chip production. By increasing the U.S. share of advanced chip manufacturing to 20%, this initiative addresses global supply chain vulnerabilities and aims to counter China’s growing influence in the sector.

Set to begin operations next year, the National Semiconductor Technology Center Extreme Ultraviolet Accelerator will offer state-of-the-art machinery to foster collaboration between industry experts and academic researchers. The Albany site’s selection marks a significant win for New York’s efforts to develop a robust semiconductor industry. Previously, the Biden administration committed $1.5 billion to expand GlobalFoundries’ production north of Albany and pledged $6.1 billion in support of Micron Technology’s chip manufacturing projects. 

New York Governor Kathy Hochul emphasized the long-term vision behind these investments, underlining that Albany is well on its way to becoming a global semiconductor research hub. With these federal funds, the Albany NanoTech Complex will spearhead advancements in EUV technology, a crucial process in developing faster and more efficient semiconductors. This initiative aligns with Hochul’s strategy to elevate New York’s presence in the semiconductor sector.

While the Albany site has been confirmed, the Department of Commerce has yet to reveal the locations of the two remaining technology centers. Schumer expressed confidence that Albany’s capabilities would attract international attention, bolstering the U.S.’s position in the tech industry. This announcement, alongside prior investments in New York’s semiconductor landscape, reflects a robust governmental commitment to fostering innovation and reducing reliance on foreign supply chains.