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New York Semiconductor Site Picked for $825 Million in Funding

An upstate New York facility is one of three national technology centers that will receive up to $825 million in funding.

Associated Press

Nov 1, 2024 — 2 min read

Photo of Sen. Majority Leader Chuck Schumer, D-N.Y., talks after a policy luncheon on Capitol Hill, Sept. 24, 2024, in Washington, by Mariam Zuhaib/AP

ALBANY, N.Y., Nov. 1, 2024 (AP) — A semiconductor research facility in upstate New York was selected as one of three national technology centers and will receive up to $825 million in funding as part of a broader federal effort to boost the United States' competitiveness in the industry.

U.S. Sen. Chuck Schumer made the announcement Thursday.

The Albany NanoTech complex was selected by federal officials as the national headquarters for research into a cutting-edge semiconductor technology known as extreme ultraviolet, or EUV, lithography. The lab will have the most advanced chip-making machinery in the world and allow researchers from the semiconductor industry to collaborate with their university counterparts, according to Schumer, the Senate's Democratic majority leader.

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