News Column

United States : NEW YORK teams up with GE and others on a $500 million nanotech initiative

July 17, 2014

New York state is teaming with General Electric Co. and other companies on a $500 million initiative to increase high-tech manufacturing of miniature electronics.

The state will invest $135 million for the program, which will be based out of SUNY College of Nanoscale Science and Engineering. Fairfield and other companies will contribute the remaining $365 million.

The work focuses on the development of new, smaller semiconductors for computers and technology used in industries, including solar power, healthcare and aviation.

Small and powerful semiconductors are a handful of technologies that are going to define the next 20 or 30 years globally.

The public-private partnership, known as the New York Power Electronics Manufacturing Consortium, allows private companies to use the facilities at the state's nanotech campus. University researchers around the state will also participate.

The idea is to use the facility to attract researchers and private companies to create a high-tech cluster in New York state.

The businesses come for the facility and the equipment and the research and the businesses stay for the cluster of the companies that are working on the project. The state finances the magnet that attracts the companies.

GE's work focuses on developing low-cost silicon carbide wafers, which are more efficient and powerful than traditional silicon chips.

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Source: TendersInfo (India)

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