Nanotech Gets Big Boast in Albany

New York State has been chosen as one of only two US regions in the country to receive funds to establish an Institute for Nanoelectronics Discovery and Exploration (INDEX) facility for advanced research into a wide range of nanoelectronics. The new facility will be located at the Center of Excellence in Nanoelectronics at the University at Albany. The second similar institute yet to be formally announced will be located in the Silicon Valley in California.

The project will see the construction of a new 250,000 square foot building that will house a new 100,000 square foot cleanroom at an estimated cost of $275 million US dollars. $160 million of the projects $435 million budget will be used for operating expenses. New York State is committing $80 million in matching funds to help INDEX establish the scientific, technical and manufacturing infrastructure, as well as training.

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