ALBANY, N.Y., Nov. 22 -- Tokyo Electron Limited (TEL) will establish a $300 million research and development facility at the Albany Center of Excellence, creating more than 300 high-tech jobs in the area.
The State and TEL are also discussing setting up other manufacturing facilities for TEL in New York, Governor George E. Pataki announced yesterday.
The new facility, to open in the Spring of 2003, is part of Pataki's effort to create a "high-tech corridor" in New York. The agreement between New York and TEL includes approximately $300 million in state and industry support over the next seven years. The $100 million state investment will be primarily for capital construction, equipment and specialized tools for research. The facility will be used by TEL to perform advanced tool design and prototyping for future generations of computer chips.
New York State has already committed $300 million toward micro and nanoelectronics for the University at Albany's Center for Environmental Science and Technology Management building. This includes the $50 million previously announced for the Albany Center of Excellence in Nanoelectronics for 300 millimeter research in the 2002-03 state budget and $160 million for International SEMATECH North over five years. It also includes $5 million annually to the National Interconnect Focus Center in Interconnect Technologies, jointly operated by UAlbany and RPI along with Stanford, MIT and Georgia Tech, and sponsored by the Semiconductor Industry Association, the Defense Advanced Research Projects Agency and semiconductor industry equipment suppliers. Total state support for the Focus Center will reach $35 million by 2005.
For more information, visit: www.nystar.state.ny.us