Once construction is complete on the R&D center, the state will be able to grow its global semiconductor partnerships further, as well as attract chip-related businesses to the state, according to state officials.
The project will leverage at least $9 billion in private funds and create up to 700 jobs. It also includes commitments to create state talent development pipelines in partnership with the State University of New York System.
Officials hope the multi-billion dollar project will raise the state’s chances of being selected as an anchor hub for semiconductor production as part of the Commerce Department’s National Semiconductor Technology Center, established through the CHIPS and Science Act.
