Skip to content

Majority Leader Schumer Announces Major $10 Billion Partnership – Spurred By His CHIPS & Science Act – To Bring New Major Expansion To Upstate NY With Nation’s Most Advanced R&D Technology

Albany, N.Y.Senate Majority Leader Chuck Schumer (D-NY) announced a new public-private partnership in Albany, New York, spurred by the CHIPS and Science Act law he led to passage. The Albany NanoTech Complex will become North America’s first and only High-NA extreme ultraviolet lithography public-private center, creating at least 700 direct jobs and hundreds of construction jobs, bolstering workforce training, and bringing some of world’s most advanced machinery for semiconductor research to Upstate NY to help ensure the U.S. leads in the development of the next generation of microchip technology. Today’s $10 billion announcement further propels Albany NanoTech and Upstate New York’s candidacy for a major hub of the National Semiconductor Technology Center (NSTC) as established in the CHIPS & Science Act.

“With this groundbreaking $10 billion public-private partnership, spurred by the CHIPS and Science Act that I am proud to have helped author and lead to passage, industry has made it clear: the Albany NanoTech Complex is home to America’s semiconductor R&D future,’ said Leader Schumer. “This historic partnership will bring the most cutting-edge machinery in the world to Upstate New York, helping make discoveries that engineers today cannot even fathom – ensuring the U.S. leads the world in semiconductor innovation and manufacturing and bringing us closer to turning science fiction into reality by producing microchips smaller than a nanometer, right in the Capital Region of Upstate New York. This landmark investment means hundreds of new high-paying tech and construction jobs, and cementing the United States as the beacon of research and development for scientists and companies across the world.”

New York State is investing $1 billion to expand the Albany NanoTech Complex, leveraging at least $9 billion in private investment, spurred by the increased investment in semiconductor innovation and manufacturing from Schumer’s CHIPS & Science Act, signed into law by President Biden in 2022. This will give industry partners in New York including Micron, IBM, ASML, Applied Materials, Tokyo Electron, and other key companies access to the cutting-edge High-NA EUV tool, the most advanced semiconductor equipment ever made, and other highly sophisticated equipment vital to making breakthrough discoveries in semiconductor research and development.

Schumer said this major public-private partnership further strengthens Albany NanoTech as the ideal major hub for the National Semiconductor Technology Center (NSTC) that was established in the CHIPS & Science Act. The site and its partners have a long record of accomplishment of groundbreaking research, that will only be supercharged by this addition of the new High-NA EUV Center, that will make the Capital Region the only place in North America and one of only two public institutions in the world to host this new advanced technology needed make the next generation of microchips.