December 13, 2023 /SemiMedia/ -- According to reports, New York State Governor Kathy Hochul announced on December 11 that the government will jointly invest US$10 billion with IBM, Micron and other companies to build a chip industrial park at the University at Albany, and will use state government funds to purchase ASML's High-NA (high numerical aperture) EUV lithography machine.

Participants in this 10 billion yuan chip park project include IBM, Micron, Applied Materials, Tokyo Electronics, etc. Once the equipment is installed, the project and its partners will begin manufacturing the next generation of chips there.

New York State will invest US$1 billion to purchase ASML's High-NA EUV lithography machine, which is expected to be put into production in 2025. In addition, it will also build a 50,000-square-foot chip manufacturing building. The construction project will take about two years.