Sematech to Stay in Austin

International Sematech plans to keep its headquarters in Austin as part of a long-term strategic plan approved this week by the board of the chip research consortium. The vote ends speculation that Sematech might be lured to Albany, N.Y., with incentives from the state of New York's $1 billion economic development fund.

Sematech is a research consortium that concentrates on semiconductor manufacturing techniques and standards. The consortium -- with 500 employees in Austin, 10 corporate members and a $150 million research budget -- is considered a cornerstone in Austin's development as a high-tech hub.

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