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.
Educationally and culturally, the University at Albany-SUNY puts "The World Within Reach" for its 17,500 students. An internationally recognized research university with 50 undergraduate majors and 125 graduate degree programs, UAlbany is a leader among all New York State colleges and universities in such diverse fields as public policy, nanotechnology and criminal justice. With a curriculum enhanced by 300 study-abroad opportunities, UAlbany launches great careers. For more information about this globally ranked University, visit http://www.albany.edu/. For UAlbany's extensive roster of faculty experts, visit www.albany.edu/news/experts.shtml.