New York plans a $10 billion chip research center with IBM, Micron and others

A new $10 billion mega chip-making complex is coming to New York state. Governor Kathy Hochul announced New York’s efforts to build a High NA Extreme Ultraviolet (EUV) Lithography research and development center. In a statement Monday, she said the state will invest $1 billion and join forces with chip industry giants including IBM, Micron and Applied Materials to move the project forward. The center will create at least 700 new jobs and could generate an estimated $9 billion in private spending, according to the statement, as well as support...