September 27, 2011 — New York State has entered into agreements for $4.4 billion in investments over the next 5 years from Intel, IBM, GlobalFoundries, TSMC, and Samsung to create a 450mm consortium and manufacturing center there.
New York State secured the investments in competition with countries in Europe, Asia and the Middle East, said Governor Andrew M. Cuomo. No private company will receive any state funds as part of the agreement.
Research and development facilities will be located in Albany, Canandaigua, Utica, East Fishkill and Yorktown Heights. Intel also separately agreed to establish its 450mm East Coast Headquarters to support the overall project management in Albany.
The investment in these two efforts will result in the creation and retention of approximately 6,900 jobs. That number includes 2,500 additional high-technology positions comprising of:
-800 at CNSE Albany NanoTech Complex
-950 at IBM - Yorktown Heights and IBM - East Fishkill,
-450 at SUNY Institute of Technology (SUNYIT) in Utica
-300 at CNSE’s Smart System Technology & Commercialization Center in Canandaigua
In addition, approximately 1,500 construction jobs will be created in Albany and 400 in Utica. As a result of the investment, 2,500 existing jobs in Albany, Canandaigua and East Fishkill will be retained.
New York State will invest $400 million in the SUNY College for Nanoscale and Science Engineering (CNSE) in Albany, including $100 million for energy efficiency and low-cost energy allowances as part of the project. The state investment in CNSE will be made over a 5-year period. The state investment will be directed entirely to CNSE, and all tools and equipment acquired through the investment will be owned by CSNE.
Paul Otellini, Intel Corporation President and CEO said, "The Global 450 Consortium is a critical element to moving the semiconductor industry to next generation wafer size. This new technology will reduce the cost of production, increase productivity for manufacturers and reduce our environmental footprint on a per chip basis. The involvement of the College for Nanoscale and Science Engineering and the State of New York will enable the industry to meet its goals."
Brian Krzanich, Senior Vice President and General Manager of Manufacturing and Supply Chain at Intel Corporation said, "This agreement puts New York on the forefront of the next generation of technological innovation. This is our first major investment in the State of New York and we commend Governor Cuomo for creating a business-friendly environment to foster growth and to make New York a nationwide leader."
Dr. John E. Kelly III, SVP and Director of IBM Research, said, "This year is IBM’s centennial year and our company has been inventing, innovating and leading for 100 years