SAN FRANCISCOA $150 million expansion at the College of Nanoscale Science and Engineering (CNSE)'s Albany NanoTech Complex will create $1 billion in new investments and 600 high-tech jobs by 2013, according to a statement released by New York Assembly Speaker Sheldon Silver Monday (March 30).
The opening of two new buildings will add more than 350,000 square feet of office, laboratory, and class 1 cleanroom space to CNSE's complex in Albany, N.Y.
The new buildings are expected to host nanoelectronics R&D programs, business deployment and commercialization outreach initiatives for international companies, such as IBM, International Sematech, Vistec Lithography, M+W Zander, and Einhorn Yaffee Prescott Architecture and Engineering as well as suppliers, contractors and service providers and students, faculty, scientists and researchers.
According to Silver's statement, IBM announced that it will extend its R&D partnership with CNSE through 2013, by which time the company will have invested more than $1 billion into the Albany NanoTech Complex, according to the statement.
Silver as well as New York Governor David Paterson joined university officials and others at a ribbon-cutting ceremony to mark the opening of the $150 million expansion at the Albany NanoTech Complext Monday, according to the statement.
The expansion is projected to enable employment growth at the University of Albany NanoCollege to more than 2,800 scientists, researchers, engineers, faculty and students by 2013, according to the statement.
With the location of its headquarters at the UAlbany NanoCollege, International Sematech will create 450 new jobs, with another 4,550 high-tech jobs to be created and retained across New York State within the International Sematech "ecosystem" of 500 New York partner, supplier and contractor companies, the statement said.
The UAlbany NanoCollege houses the only fully-integrated, 300-mm wafer pilot prototyping and demonstration line within 80,000 square feet of Class 1 capable cleanrooms, according to the statement.