With a major investment by New York State and industry partners, International SEMATECH announces it will establish its next generation 300mm computer chip research and development program at the Center of Excellence in Nanoelectronics at the Albany site.  This investment includes $400 million in State and Industry support over five years, consisting of $210 million from the State and $193 million from International SEMATECH and its member companies, including IBM. This collaborative investment by the State and industry set the stage for later relocation from Austin to Albany.