Major Industrial Corporations and Research Centers experiencing Growth and Expansions
Major Industrial Corporations and Research Centers experiencing Growth and Expansions
news articles detailing the area's growth and prosperity.
"This is three to five generations ahead," Kaloyeros said. "This opens up a lot of
opportunities."

Kaloyeros said 28-nanometer chips could be five to 10 times faster than current chips on
the market, and many companies will want to test it out in Albany before sending their
designs off to volume manufacturers like IBM and GlobalFoundries, which is building a $4.6
billion computer chip factory in Malta that will use the 28-nanometer technology. That money
comes from the fees it charges companies to use its equipment at the sprawling $7 billion
Albany NanoTech complex on Fuller Road.

IBM has a long-standing relationship both with the NanoCollege and New York state.
Hundreds of IBM scientists work at Albany NanoTech developing the next-generation
technologies and manufacturing techniques that the company uses to make computer chips
-- some of which it shares with its commercial partners such as GlobalFoundries, Samsung
and others. IBM has a major chip fab in East Fishkill, Dutchess County.

"Silicon Valley is in the Hudson Valley nowadays," said Bernie Meyerson,
vice president of innovation and global university relations for IBM. "It's
really a marvelous situation right now."

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