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New York Governor Celebrates $40 Million Boost to Semiconductor Sector - X101 Always Classic

New York Governor Celebrates $40 Million Boost to Semiconductor Sector - X101 Always Classic
Governor Kathy Hochul announced Tuesday that the U.S. Department of Commerce has awarded $40 million to the New York Semiconductor Manufacturing and Research Technology Innovation Corridor (NY SMART-I Corridor) consortium.[Read More...]

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New York Governor Kathy Hochul has announced a significant boost to the semiconductor sector in the state, with the U.S. Department of Commerce awarding $40 million to the New York Semiconductor Manufacturing and Research Technology Innovation Corridor (NY SMART-I Corridor) consortium. This grant, along with an additional $8 million in state funding, will be used to support the growth of the industry over the next five years. The goal is to make NY SMART-I a globally competitive center for semiconductor production. Governor Hochul expressed excitement about the transformative federal grant, stating that it will help bring the next generation of semiconductor research, manufacturing, and workforce training to Upstate New York. This initiative is part of the state's efforts to attract chipmaking businesses and jobs.

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