Washington – The federal government and New York have finalized an agreement worth $825 million to help make the Empire State an international hub for computer chip research and development. U.S. Sen. Charles Schumer, D-N.Y., announced the deal Wednesday to establish the National Semiconductor Technology Center in Albany.

RIT is working to improve competitiveness in computer chip development through the U.S.-Japan University Partnership for Workforce Advancement and Research

Tokyo Electron Limited (TEL) forecasts the global semiconductor market will surpass US$1 trillion by 2030, with AI-related semiconductors driving 70% of the growth. To seize this opportunity, TEL aims to invest JPY1.