UTICA, NY-A half dozen leading global technology companies will invest a total of $1.5 billion in a public-private partnership to create “Nano Utica,” New York State’s second major hub of nanotechnology research and development, Gov. Andrew Cuomo announced last week. The consortium will work out of a complex now under construction and due to open late next year at the SUNY Institute of Technology here.

“What is taking place here at SUNYIT mirrors in many respects the model used in Palo Alto, where physical assets at Stanford University were used to build what became known as Silicon Valley,” says Steve DiMeo, president of Mohawk Valley EDGE, which is partnering with SUNY’s College of Nanoscale Science and Engineering to develop the adjacent Marcy Nanocenter manufacturing site. The Marcy facility will have the capacity to support construction of three 450mm computer chip fabrication facilities.

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