A semiconductor research facility in upstate New York has been chosen as one of three national technology centers, securing up to $825 million in funding to enhance the United States' competitiveness in the industry. The Albany NanoTech complex has been designated as the national headquarters for research on extreme ultraviolet (EUV) lithography, a cutting-edge semiconductor technology. This facility will house state-of-the-art chip-making machinery, fostering collaboration between industry researchers and their university counterparts.
The National Semiconductor Technology Center Extreme Ultraviolet Accelerator, set to commence operations next year, is a result of the 2022 CHIPS and Science Act. This initiative aims to create high-tech jobs and bolster the country's ability to rival international competitors like China. The Biden administration has set a target for the U.S. to produce 20% of the world's advanced chips.
