New York State Invests $1 Billion to Expand Chip Research

New York State Invests $1 Billion to Expand Chip Research

Governor Hochul announces a $1 billion investment to expand chip research in Albany, aiming to position New York State as a global semiconductor center. The plan includes purchasing advanced manufacturing machines and creating 700 new permanent jobs. It is expected to attract an additional $9 billion in investments from chip-related companies. This initiative enhances New York’s reputation in the competitive chip industry.