New York's $10B Gamble: Can It Become the Next Big Hub in the Global Chip Race?
Portfolio Pulse from Anusuya Lahiri
New York State is investing $10 billion to create a semiconductor research facility at the University at Albany, in collaboration with NY Creates and major chip companies. The facility will feature advanced equipment from ASML Holding NV and involve key industry players like IBM, Micron Technology, Applied Materials, and Tokyo Electron. The project aims to make New York a significant research hub, create 700 jobs, attract $9 billion in private investment, and reduce reliance on foreign chip technologies. GlobalFoundries, ON Semiconductor, and Wolfspeed also have existing facilities in New York, with Micron planning a new factory near Syracuse.
December 11, 2023 | 12:57 pm
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POSITIVE IMPACT
Applied Materials' participation in the New York semiconductor initiative may lead to increased business opportunities and a positive market perception.
Applied Materials' involvement in the New York project could lead to new business opportunities and enhance its market perception, which may have a positive short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
ASML Holding NV is providing advanced chip-making equipment for New York's new semiconductor research facility, which is expected to boost its visibility and sales in the US market.
ASML's involvement in supplying advanced equipment for the new facility is likely to increase its sales and strengthen its market position in the US, leading to a positive short-term impact on its stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
GlobalFoundries' existing infrastructure in New York positions it to benefit from the state's increased focus on semiconductor research and manufacturing.
GlobalFoundries may experience a positive short-term impact due to New York's investment in semiconductor research, which complements its existing operations in the state.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
IBM is a key player in the development of New York's semiconductor research facility, which may enhance its research capabilities and partnerships in the chip industry.
IBM's participation in this significant research initiative is expected to bolster its R&D efforts and industry partnerships, potentially leading to a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Micron Technology's involvement in the New York semiconductor project aligns with its expansion strategy and may positively influence its growth prospects.
Micron Technology's active role in the New York project is in line with its expansion goals and could positively impact its growth prospects, likely leading to a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
ON Semiconductor may see opportunities for growth and collaboration due to New York's investment in semiconductor research and its existing presence in the state.
ON Semiconductor's existing presence in New York could lead to growth and collaboration opportunities, potentially resulting in a positive short-term impact on its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Wolfspeed, with its presence in New York, may benefit from the state's semiconductor investment, potentially enhancing its competitive position and business prospects.
Wolfspeed's operations in New York may receive a boost from the state's focus on semiconductor research, likely leading to a positive short-term impact on its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50