Schumer met behind scenes with IBM on national chip lab – Times Union

Schumer also stopped without much fanfare at Albany Nanotech to meet with officials from IBM, NY-CREATES, which operates Albany Nanotech, along with officials from Applied Materials, a manufacturer of equipment used in chip fabs, and the New York State Economic Development Council.

Within the $52 billion USICA funding is $10.5 billion to separately underwrite computer chip research, including the establishment of what will be known as the National Semiconductor Technology Center (NSTC), which IBM and Albany Nanotech are trying to start in Albany, with possible locations in other parts of upstate.

Given the major research and development facility already in place on the (Albany Nanotech campus) and IBMs prominence in semiconductor research and development including their recent development of the worlds first chip with 2 nanometer technology at their (Albany Nanotech)facility Albany is the ideal location for the new NSTC.

Funding for the NSTC would be in the billions and would likely require the construction of new facilities at Albany Nanotech to support those efforts.

Just as he did at Fab 8 a week ago, Schumer brought U.S. Secretary of Commerce Gina Raimondo to Albany Nanotech to meet top executives there. Raimondo is a former governor from Rhode Island who worked in venture capital and business in the past and knows the high tech sector well.

The NSTC would mean $2 billion in federal funding as well as 1,000 jobs for the Capital Region's high-tech sector. That level of economic development impact would be on a par with that of a second fab Fab 8.2 at Malta, which GlobalFoundries plans to build if the USICA passes the House and is signed into law by President Joe Biden.

"IBM commends Sen. Schumer and Secretary Raimondo for their focus on reinvigorating Americas competitive edge in semiconductor innovation and manufacturing, Dario Gil, director of IBM Research said. "As a proud member of this ecosystem, IBM is prepared to take a leadership role to make the NSTC a success.

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Schumer met behind scenes with IBM on national chip lab - Times Union