RESEARCH TRIANGLE PARK – IBM is one of several key private sector companies investing in the creation of an advanced semiconductor research and development program to be launched in Albany, N.Y.

The $10 billion project was announced Monday by N.Y. Governor Kathy Hochul.

Micron, Applied Materials, Tokyo Electron also are partners in the project, according to Hochul.

The partners will build “a cutting-edge High NA Extreme Ultraviolet Lithography Center – the first and only publicly owned High NA EUV Center in North America,” according to the announcement.

“At the New York State Albany NanoTech Complex, IBM and our partners are leading the world in semiconductor R&D advances that make chips smaller, more powerful, and more energy efficient,” said IBM Chairman and CEO Arvind Krishna.  “The new High NA EUV Center at Albany NanoTech will secure a strong pipeline for semiconductor innovation, keeping New York State at the center of semiconductor expertise, accelerating the growth of the global chip industry and helping to meet manufacturing demand for new technologies such as generative AI.”

Albany is already the site of the Albany NanoTechComplex.

“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.

New York state is also the site of Durham-based Wolfspeed’s newest manufacturing plant. Another is being build in Chatham County.

IBM is a global leader in semiconductor research and employs thousands of people across North Carolina and owns Raleigh-based Red Hat.