Nanotech brings new investment to upstate New York

In the midst of "The Great Recession" the last month's announcement  by Governor Andrew Cuomo of New York that a consortium composed of IBM, Intel, Samsung Electronics US, Taiwan Semiconductor Manufacturing Company (TSMC), and Globalfoundries, will be investing $4.4 billion over five years to create R&D facilities in Albany, Utica, and other cities in upstate New York, for the purpose of applying nanotechnology to manufacture smaller and more efficent computer chips (nanochips).

This investment also means that over 2500 existing jobs will remain in New York and 2500 new jobs will be created directly by the consortium, slong with an estimated 1900 construction jobs that will be created to renovate existing and to construct new facilities.

To help support the R&D work, the state government of New York will direct $400 million, also over a five year period, to SUNYCollege of Nanoscale Science and Engineering in Albany. In addition, it is expected that further investment and job creation will result from the purchase of goods and services by the members of the consortium from local businesses.

Although the announcement was greeted with praise by the Business Council of New York State, it was greeted with more cautious optimism by the local newspaper and by local government officials.

UAlbany #1 In Nanotechnology

Nanotechnology Now reports that Small Times has named  the University of Albany's College of Nanoscale Science and Engineering ("CNSE") as the nation's top-ranked college for nanotechnology and microtechnology.  Rounding out the top-ten:

CNSE's ranking as number one in the world placed it ahead of Cornell University (2), the University of Michigan (3), the University of Illinois at Urbana-Champaign (4), Penn State University (5), Arizona State University (6), the University of Washington (7), North Carolina State University (8), the University of Maryland (9), Rice University (10), Rutgers University (11) and Stanford University (12), among others. CNSE also received top-10 rankings from its peers in three areas: nano commercialization, micro commercialization and micro research.

Congratulations to Albany!  I am glad to see that more and more universities are establishing nanotechnology as a separate program, although I'm not familiar with any other universities with actual schools or colleges dedicated to nanotechnology.  Of course, the Patent & Trademark Office still does not recognize materials science as a field of study that qualifies one to take the patent bar -- but that is a different subject for a different day.