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May 9th, 2007
International Sematech will move its headquarters from Austin, Texas, to Albany, N.Y., state officials said May 9.
New York will spend $300 million to provide the buildings and infrastructure required to accommodate the headquarters of Sematech, a consortium of microchip manufacturers and semiconductor research operations, said Alain Kaloyeros, the chief administrative officer of the state University at Albany's College of Nanoscale Science and Engineering, located at Albany NanoTech.
The money will go to the University at Albany, which now hosts Sematech's existing research operation. The deal is still being finalized, although Sematech will begin moving some personnel to Albany in July, Kaloyeros said.
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