SUNY Polytechnic Institute receives $60 million grant to fund nanotechnology research

ALBANY, N.Y. — A consortium of technologies firms housed at SUNY Polytechnic Institute in Albany has been awarded a $60 million grant from the Empire State Development Corp. to fund the manufacturing of nanoscale computer chips on 450mm silicon wafers.

The consortium of companies include several high profile tech firms such as Intel, Samsung, IBM, Taiwan Semiconductor Manufacturing Corp. and GlobalFoundries. Housed at SUNY Poly’s Colleges of Nanoscale Science and Engineering campus, Albany has become a major hub of for the nanotechnology industry.

The consortium will soon receive further grants in the form of a $10 million property transfer and an additional $15 million from “industrial efficiency programs” through the New York State Energy Research and Development Authority.

Source: Albany Business Review


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Noah Milligan

Noah Milligan works as a banker by day, specializing in financing commercial real estate and loan workouts on a national platform. By night, he has delusions of becoming the next Cormac McCarthy. His short fiction has appeared or is forthcoming in Empty Sink Publishing, Ridi...