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International High-Tech Group's $4.4 Billion Computer Chip Technology Investment to Bring $400M, 800 Jobs, to UAlbany's CNSE

Commitments from Intel, IBM, GLOBALFOUNDRIES, TSMC and Samsung mark historic level of private financing for New York's nanotechnology sector.

The University at Albany's College of Nanoscale Science and Engineering

ALBANY, N.Y. (September 27, 2011) -- University at Albany President George M. Philip today joined New York State Governor Andrew M. Cuomo to announce that the State of New York has entered into agreements guaranteeing investments worth $4.4 billion with leading global companies to create the next generation of computer chip technology. The investments will provide $400 million to UAlbany's College for Nanoscale and Science Engineering (CNSE), including $100 million for energy efficiency and low cost energy allowances.

The new high tech job distribution will include 800 jobs at the UAlbany CNSE complex, 450 at the SUNYIT campus in Utica, and 300 at CNSE's Smart System Technology & Commercialization Center in Canandaigua. The remaining 950 high-tech jobs will be located at IBM in Yorktown Heights and East Fishkill.

"An initiative such as this clearly illustrates the strength and power of SUNY to serve as an engine for new discovery, innovation and economic growth as we work together to rebuild the Empire State," said UAlbany President Philip.

For more information, read today's announcements from the Office of New York Governor Andrew Cuomo and SUNY Chancellor Nancy L. Zimpher.

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