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Gov. Hochul News Release: $500 Million Capital Investment at NY CREATES’ Albany Nanotech Complex to Jumpstart $10 Billion Partnership

As part of the FY 2025 Budget, Governor Hochul has secured a $500 million capital investment for NY CREATES’ Albany Nanotech Complex to jumpstart a $10 billion partnership and bring a cutting-edge High NA EUV Lithography Center to the Complex. The Governor announced the partnership with IBM, Micron, Applied Materials, Tokyo Electron, and other leaders from the semiconductor industry last year as part of her commitment to establishing a global hub for semiconductor manufacturing in New York. Once completed, this new center will build on other semiconductor-related investments to make New York home to the first publicly owned High NA EUV Lithography Center in North America, support the long-term growth of New York’s tech economy, and create and retain thousands of direct, indirect, and union construction jobs.

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