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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.