New York Joins IBM, Micron in $10 Billion Chip Research Complex

New York state is joining chip companies to invest $10 billion in a semiconductor research facility near the University at Albany that is set to bring advanced chip-making equipment to the state.

NY Creates, a nonprofit that oversees the Albany NanoTech Complex where the facility is to be built, will coordinate its construction. It will also use state funds to acquire chip-making equipment from ASML Holding, a Dutch company whose machines can cost hundreds of millions of dollars and are key to making the most advanced chips possible.