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A local entity is included in a $4.4 billion high technology initiative announced Tuesday by Gov. Andrew Cuomo’s office.
The multibillion-dollar effort over the next five years will involve five international companies working on the next generation of computer chip technology. One of the research and development facilities will be at the SUNY College for Nanoscale and Science Engineering’s Smart System Technology & Commercialization Center in Canandaigua.
The investment is expected to result in the creation and retention of some 6,900 jobs. That includes 2,500 additional positions, including 300 at the Canandaigua center.
The five companies involved are Intel Corp., IBM Corp., Globalfoundries Inc., TSMC Ltd. and the Samsung Group.
No private company will receive any state funds as part of the agreement, officials said. To support the project, New York will invest $400 million over five years in the SUNY College for Nanoscale and Science Engineering in Albany, including $100 million for energy efficiency and low-cost energy allowances.
The investment in the state is made up of two projects. The first project, which will be led by IBM and its partners, will focus on making the next two generations of computer chips, officials said. The second project, which is a joint effort by Intel, IBM, TSMC, Globalfoundries and Samsung, will focus on transforming existing 300mm technology into the new 450mm technology, resulting in greater value and lower environmental impact.
In addition, the companies will support a $15 million fund to increase the role of minority- and women-owned businesses.
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