WPCNR ALBANY ROUNDS. From the Governor’s Press Office.(EDITED) September 27, 2011:
Governor Andrew M. Cuomo today announced that New York State has entered into agreements providing for investments valued at a total of $4.4 billion over the next five years from five leading international companies to create the next generation of computer chip technology. IBM fascilities in Westchester County at East Fishkill and Yorktown Heights in Westchester will see 900 new jobs and 2,500 positions retained as part of the program.
The five companies involved are Intel, IBM, GLOBALFOUNDRIES, TSMC and Samsung. New York State secured the investments in competition with countries in Europe, Asia and the Middle East.
The agreements mark an historic level of private investment in the nanotechnology sector in New York. Research and development facilities will be located in Albany, Canandaigua, Utica, East Fishkill and Yorktown Heights. In addition, Intel separately agreed to establish its 450mm East Coast Headquarters to support the overall project management in Albany.
“This unprecedented private investment in New York’s economy will create thousands of jobs and make the state the epicenter for the next generation of computer chip technology,” Governor Cuomo said.
“IBM, which is celebrating 100 years in New York, Intel, which is making its most significant investment in New York, as well as TSMC, Global Foundries and Samsung now recognize that the state is on its way to becoming a premier location for jobs, which is why these companies are making this major investment. In the last nine months, my administration has worked to create a more confident environment for doing business in New York, and major deals like this one prove that the state is truly open for business.”
The investment in these two efforts will result in the creation and retention of approximately 6,900 jobs. That number includes 2,500 additional high-technology positions comprising of:
- 800 at CNSE Albany NanoTech Complex
- 950 at IBM – Yorktown Heights and IBM – East Fishkill,
- 450 at SUNY Institute of Technology (SUNYIT) in Utica
- 300 at CNSE’s Smart System Technology & Commercialization Center in Canandaigua
In addition, approximately 1,500 construction jobs will be created in Albany and 400 in Utica. As a result of the investment 2,500 existing jobs in Albany, Canandaigua and East Fishkill will be retained.
No private company will receive any state funds as part of the agreement.
To support the project, New York State will invest $400 million in the SUNY College for Nanoscale and Science Engineering (CNSE) in Albany, including $100 million for energy efficiency and low cost energy allowances. The state investment in CNSE will be made over a five year period. The state investment will be directed entirely to CNSE, and all tools and equipment acquired through the investment will be owned by CSNE.
Paul Otellini, Intel Corporation President and CEO said, “The Global 450 Consortium is a critical element to moving the semiconductor industry to next generation wafer size. This new technology will reduce the cost of production, increase productivity for manufacturers and reduce our environmental footprint on a per chip basis. The involvement of the College for Nanoscale and Science Engineering and the State of New York will enable the industry to meet its goals.”
The investment in the state is made up of two projects.
The first project, which will be led by IBM and its partners, will focus on making the next two generations of computer chips. These new chips will power advanced systems of all sizes, including, among other things computers and national security applications. This new commitment by IBM brings its total investment in chip technology in New York to more than $10 billion in the last decade.
The second project, which is a joint effort by Intel, IBM, TSMC, Global Foundries and Samsung, will focus on transforming existing 300mm technology into the new 450mm technology. The new technology will produce more than twice the number of chips processed on today’s 300 mm wafers thus lowering costs to deliver future generations of technology with greater value and lower environmental impact.
This investment will have other beneficial economic impacts in New York. The project will include a private “Made in NY” initiative to support the potential purchase of $400 million in certain tools and equipment from companies around New York State to create, attract, and retain manufacturers and suppliers across the state.
In addition, the companies will support a $15 million fund to increase the role of minority and women owned businesses. These technology developments may facilitate the possibility of building a 450mm plant in New York state. These plants are projected to cost in excess of $10 billion each.
Semiconductors are central to modern devices from computers and cell phones to automobiles and airplanes and the industry is the cornerstone of the “innovation economy.” Semiconductors are the nation’s largest export industry and generate billions of dollars in revenue. New York State’s investments in the semiconductor industry began in 1988 with the establishment of the advanced semiconductor program at SUNY Albany under the SUNY Graduate Research Initiative created by Governor Mario Cuomo and was cemented in 1993 with the establishment of the Center for Advanced Technology at SUNY Albany by Governor Mario Cuomo, which later became the basis for the College of Nanoscale Engineering.