Wednesday, January 05, 2005

Albany to feast on nanochips

Pataki makes big announcement during address (capitalnews9)

    It's being called the hub of future development. UAlbany's Nanotechnology Center is ushering in a new way of doing business. And now, with major backing from Governor Pataki and some heavy-hitter microchip businesses, it's becoming a destination spot for nanotech companies around the world.

    Alain Kaloyeros of the UAlbany College of Nanoscale Science and Engineering said, "It puts the university, for the first time in history, right smack in the path of a consortium of companies for technology development."

    ... Governor George Pataki said, "IBM -- along with six global giants that include Sony, Toshiba and Samsung -- will invest $1.9 billion to build the next generation chip plant."

    The governor made the big announcement in his State of the State address, saying those big names, and others, will be pumping $2.7 billion into Tech Valley, bringing lots of jobs to UAlbany's NanoTech complex and the entire Capital Region. More here

Related News
Jobs won't come right away (Gannett News Service)
UAlbany project raises hopes (
IBM leads consortium investing $2.5B (The Journal News)
IBM leads $2.7bn fab investment (Electronic News)
IBM-Led Group to Invest $2.5 Billion in Upstate N.Y. (Reuters)
Governor's Initiatives Would Benefit Region (Washington Post, registration required)

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