University of Albany´s NanoCollege Investments Top $5B With Partners Like IBM, AMD, & Toshiba

Private, federal and state investments at the University at Albany’s College of Nanoscale Science and Engineering have topped $5 billion, the college reported today.

Employment at Albany NanoTech, which is 10 years old this year, has also exceeded the 2,500-mark. That’s the number of scientists, researchers, engineers, students and faculty that now work at the 800,000-square-foot complex. With an average salary of $81,000, those numbers translate to an annual payroll of $202 million.

Albany NanoTech opened its fourth building, NanoFab 300 East, this past spring. The facility lays claim to being one of the world’s most advanced centers for next-generation computer chips.

Some of the private companies that work at the site include: IBM Corp. (NYSE: IBM), Advanced Micro Devices Inc. (NYSE: AMD), GlobalFoundries, Sematech, Toshiba, Applied Materials, Tokyo Electron, ASML, Vistec Lithography and Atotech.