New York Ties Up with Tokyo Electron, Others on Chip Lab
16:33 JST, December 12, 2023
NEW YORK (Jiji Press) — The state of New York on Monday announced a plan to create a new semiconductor research laboratory at an industry-government-academia facility in Albany by investing $10 billion jointly with U.S. tech giant IBM Corp., major Japanese chipmaking gear maker Tokyo Electron Ltd. and others.
The move is aimed at strengthening the development of next-generation chips indispensable for artificial intelligence and other technologies amid the deepening conflict between the United States and China over cutting-edge technologies.
Under the plan, major Dutch chipmaking equipment maker ASML Holding NV will provide state-of-the-art equipment to the new lab, which will have a total area of 4,600 square meters and will work with IBM, Tokyo Electron, U.S. chipmaker Micron Technology Inc. and U.S. chipmaking gear maker Applied Materials Inc. on enhancing its chip development capabilities.
“We’re launching a new 10-billion-dollar partnership with leaders from the semiconductor industry and taking one more step forward to make sure New York is the semiconductor capital of the world,” New York Governor Kathy Hochul said at a press conference.
The state will contribute $1 billion to the project, while the rest will be shouldered by the companies.
Competition for the development of next-generation chips is intensifying worldwide as they are seen as essential technologies to maintain economic and military superiority, pundits said.
"Business" POPULAR ARTICLE
Japan Eyes 45 B. Yen in Aid for Optical Semiconductors
Business, Labor Leaders Reaffirm Vow to Raise Wages in Shunto Talks
Japan Real Wages Fall at Steepest Pace in 9 Years in 2023
Japan’s Job Availability Ratio Rises for 2nd Straight Year
Japanese Automakers’ New Car Market Share Plummeting in Thailand
JN ACCESS RANKING
- Japan Eyes 45 B. Yen in Aid for Optical Semiconductors
- Business, Labor Leaders Reaffirm Vow to Raise Wages in Shunto Talks
- Japan Real Wages Fall at Steepest Pace in 9 Years in 2023
- Japan’s Job Availability Ratio Rises for 2nd Straight Year
- North Korean Workers in China Riot over Unpaid Wages; 2,000 Occupy Factory, Kill Plant Manager