News

May 11, 2007

Sematech Moves Headquarters To New York

By: by Mark LaPedus, EE Times

Source:

SAN JOSE, Calif. - Chip-making consortium International Sematech said that it will move its headquarters from Austin, Texas to New York. It will locate its headquarters at Albany Nanotech, although Sematech has caused some confusion and a political mess--if not a PR blunder in the announcement.

According to the Star-Telegram, Sematech's "corporate offices and operations" will remain in Austin. Sematech's international unit will move to New York, according to the report.

Meanwhile, as part of a partnership with the UAlbany NanoCollege, International Sematech said it has agreed to locate its headquarters in Albany, increase its workforce by 450 jobs over three years, and provide $25 million to fund research at colleges and universities at five centers around the state.

To facilitate this expansion, New York legislative leaders agreed to introduce and pass shortly a bill providing $300 million in funding.

Sematech has made a financial commitment of $300 million in cash and in-kind contributions. The project will support new research at the Nanotech Center in Albany as well as serve as an additional resource supporting existing operations of Sematech members in the Hudson Valley and the Capital Region.

But it's turning into a political mess for Texas, New York and Sematech. In fact, Sematech has confused the issue.

''Sematech has reached an unprecedented agreement in principle with the State of New York and the University of Albany NanoCollege,'' according to a statement from the chip-making consortium.

''Sematech is very pleased for the opportunity to become an anchor partner at the UAlbany NanoCollege's Albany NanoTech complex. We believe that the establishment of our International Sematech headquarters and operations in New York significantly strengthens our competitiveness and ability to provide our member companies with production-worthy technological innovations that meet the requirements of their technical and business roadmaps,'' according to Sematech.

However, ''Sematech's corporate offices and operations in Texas, which include our advanced materials programs and our subsidiaries, ISMI, AMRC, and ATDF will remain in Austin,'' it claimed.