ALBANY, N.Y. (November 21, 2002) -- Governor George E. Pataki and UAlbany President Karen R. Hitchcock were today joined by Tokyo Electron Limited (TEL) President and CEO Tetsuro �Terry� Higashi in announcing a $300 million investment to create a research and development center at UAlbany�s Center of Excellence in Nanoelectronics.

The agreement between the State, the University at Albany and TEL will create some 300 jobs and further establish the University as the region�s leader in high-tech research and economic development. The news comes on the heels of July�s announcement that leading industry consortium International SEMATECH will locate a state-of-the-art computer chip R&D facility at the University. TEL, the world�s second largest manufacturer of semiconductor manufacturing equipment, is expected to occupy the 228,000-square-foot facility by spring 2003.

Governor Pataki's Press Release

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