News

March 31, 2009

Partner Deal To Go On

By: by Scott Waldman, Staff Writer, Times Union

Source:

ALBANY - IBM is expected to announce today a five-year extension of its research and development partnership with the University at Albany's College of Nanoscale Science and Engineering.

The announcement will come at the ribbon-cutting ceremony marking the official opening of the $150 million expansion to the Albany NanoTech Complex, according to a source close to the move.

IBM's extension means that it will have invested more than $1 billion into the NanoCollege by 2013.

The nearly completed NanoFab East Office and Laboratory Building and NanoFab Central Cleanroom Building are expected to generate $1 billion in new investments and 600 new jobs. They will add more than 350,000 square feet of office and laboratory space. The two new buildings also will bring the total cleanroom space at the college to 80,000 square feet, giving UAlbany the largest such state-of-the-art complex of any university in the world.

The new buildings will house nanoelectronic research and development programs, including work on creating a zero-energy house, for a number of international companies.

Sematech, the international semiconductor consortium that helped turn Austin, Texas, into a computer chip manufacturing powerhouse in the 1980s, will have a headquarters in the new facility.

The state and private industry have steered billions of dollars into the nanotechnology operation at UAlbany during the past decade.

Assembly Speaker Sheldon Silver, a major booster of the nanotechnology operations at UAlbany, and Alain Kaloyeros, senior vice president and chief executive officer of the NanoCollege are expected to speak, as is IBM Senior Vice President John Kelly III.