A $10 billion partnership will establish a semiconductor research and development center at Albany NanoTech Complex, Gov. Kathy Hochul and industry leaders announced Monday in Albany.

The collaboration by the state, IBM, Micron, Applied Materials, Tokyo Electron, and others will fund the construction of a cutting-edge High NA Extreme Ultraviolet Lithography Center – the first and only publicly owned High NA EUV Center in North America – that will support the research and development of semiconductors.

Hochul said the facility will create more than 700 jobs.

“This $10 billion partnership to bring innovative chips research to the Capital Region should send a message to the entire industry: New York is open for business,” Hochul said. “From our Green CHIPS legislation to Micron’s historic investment and the creation of GO-SEMI, we’re building the future of semiconductor research right here in New York. This industry is creating real opportunity in our state with major regional investments, countless new jobs, and bold commitments to workforce development and sustainability, and my administration will keep working with elected and industry leaders to make New York a global chipmaking superpower.”

Industry leaders like IBM praised the investment in semiconductor education.

“It’s about creating a robust sustainable future for us and our nation,” said CEO Arvind Krishna.

Micron also praised the move. They will be tasked with filling 9,000 direct jobs when their $100 billion semiconductor plant rolls out operations in the town of Clay over the next several years.

“We will contribute high volume manufacturing expertise to this site and our talented team both here and in boise will be key people enabling this new UV ecosystem,” said Scott DeBoer, who is Micron’s executive vice president for technology and products.

This is the latest development in the state's investment in working to make the state a future hub for semiconductor manufacturing and development, spearheaded by the federal CHIPS and Science Act that was orchestrated in large part by U.S. Senator and Majority Leader Chuck Schumer. New York is also working to secure anchor hub status under the federal National Semiconductor Technology Center, which would unlock more than $11 billion in CHIPS Act funding.

"I wrote the CHIPS & Science Act because I knew it would be transformative for Upstate New York, which was perfectly suited to bring this industry that is vital to America’s national security and economic future back from overseas," Schumer said.

Hochul stressed the state’s determination to work toward that goal.

“The world is watching what we are doing here,” she said. We will win the race to become the global leader in the manufacture, research and development of semiconductors.”