Capital Region selected as national hub for semiconductor research, 5M invested
semiconductor

Capital Region selected as national hub for semiconductor research, $825M invested

The Capital Region has been chosen as the national headquarters for semiconductor research and training.

The federal government plans to invest $825 million in training programs and cutting-edge equipment.

As for construction for the new center, that is already underway as Governor Hochul invested $10 billion in the center last year in hopes they’d be picked for the headquarters.

Senate Majority Leader Chuck Schumer credits the success to partnerships with public and private entities.

“All the great research done here because it’s been done collaboratively by so many great companies and universities will be available to many new startup companies here in the Capital Region, Upstate New York, and everywhere else,” said Schumer. “The open source part of this helped us win.”

Other states that were interested in the federal headquarters were Virginia, Arizona, and California; two other national semiconductor centers are waiting to be announced.

“But we know we have some stiff competition and we’re partnering with other states to, you know, build out that ecosystem because it has to work across the nation and it is a national program and we’re happy to be a part of it,” said NY Creates President David Anderson.

But not everyone believes it’s worth the investment.

Former President Trump bashing the CHIPS and Science Act on Joe Rogan’s podcast Friday.

“But let me just say, that chip deal is so bad. We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here,” Trump said on the podcast. “And they’re not going to give us the good companies anyway

New York Dem’s firing back saying the act has provided thousands of jobs for New Yorkers.

“So when former President Trump makes statements calling something transformational for the state of New York and the nation and our national security a bad idea, I just want to reassure all New Yorkers that no matter what happens I will be here making sure we fight the outsourcing of manufacturing to places like china which is what happens if you don’t have a bill like this to incentivize businesses to do the work right here and it does put our nation at risk.”

Schumer emphasized the bill was signed with bi-partisan support; “this bill looks, first of all, the money the money is going to the contract will be signed before December 31st. so it’ll be done before whoever becomes president.”

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