[Congressional Record Volume 169, Number 203 (Monday, December 11, 2023)]
[Senate]
[Page S5886]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                            Albany NanoTech

  Mr. President, now on Albany NanoTech, earlier today, I joined 
Governor Hochul and Albany leaders to announce a historic $10 billion 
public-private partnership to make the Albany NanoTech Complex the most 
advanced center for semiconductor research in the entire world. It is a 
landmark day for the capital region in New York. That is Albany, 
Schenectady, and Troy in that tricity area.

  This $10 billion partnership, spurred by the CHIPS and Science Act, 
will bring the most cutting-edge semiconductor machinery on the planet 
to Albany and propel Albany NanoTech as the premier global center for 
semiconductor research.
  Today's announcement will mean hundreds of new, high-paying tech 
jobs, hundreds of construction jobs, and a tidal wave of scientific 
innovation that engineers today cannot even fathom.
  When I wrote the CHIPS and Science Act, I had precisely regions like 
Albany and Upstate New York in mind because these communities have so 
much to offer for America's semiconductor future.
  As we enter the home stretch for the selection of the major hubs of 
the National Semiconductor Technology Center, today's $10 billion 
announcement will strengthen Albany and Upstate New York's case as the 
best region to lead the next generation of innovations in America's 
microchip industry.
  Today's announcement comes on the same day as the announcement by the 
Commerce Department of the first funding agreement from the CHIPS 
Incentives Program. BAE Systems will receive $35 million to quadruple 
its production capacity for chips essential to our national security, 
including for F-35 fighter jets. This award, like today's announcement 
in Albany, shows that the CHIPS and Science Act is delivering for 
American workers and for our national security.
  So it is an exciting time for New York tech, with major announcements 
from companies like Micron, IBM, GlobalFoundries, and so many others 
made possible because of CHIPS and Science. And I believe the best for 
New York's semiconductor industry is still to come.
  I yield the floor.
  The PRESIDING OFFICER (Mr. Hickenlooper). The Senator from 
Mississippi.