University of Albany and Toyko Electron Construct TEL Albany R&D Facility
The University of Albany and Tokyo Electron Limited (TEL) are planning to site a $300-million chip R&D facility at the University's Nanotech complex, comprised of NanoFab I and NanoFab II. TEL and its partners will invest $200-million in the center, with the state of New York contributing over the next seven years $100-million in capital construction, equipment and specialized tools for research.