Economy

(WNY News Now) – New York Governor Kathy Hochul has voiced strong opposition to potential efforts to repeal the CHIPS & Science Act, citing significant risks to job growth, economic stability, and national security.New York – Governor Kathy Hochul has issued a pointed statement regarding discussions to repeal the CHIPS & Science Act, a law designed to bolster domestic semiconductor manufacturing and technological innovation. Hochul’s statement comes on the heels of comments from Speaker of the House Mike Johnson, who suggested reconsidering the legislation during a recent visit to Central New York.“Anyone threatening to repeal the CHIPS & Science Act is threatening more than 50,000 good-paying jobs in Upstate New York and $231 billion worth of economic growth nationwide. Repeal...

(WNY News Now) – Governor Kathy Hochul announced yesterday that New York State has been designated the location for the nation’s first National Semiconductor Technology Center (NSTC) facility at the NY CREATES’ Albany NanoTech Complex.Governor Kathy Hochul celebrated the designation of NY CREATES’ Albany NanoTech Complex as the location of the CHIPS for America EUV Accelerator, an NSTC facility. This announcement marks an anticipated significant investment in EUV research and development under the Biden-Harris Administration’s CHIPS and Science Act. This prestigious designation unlocks $825 million in federal funding and makes New York State the first state in the nation to land one of three NSTC facilities.Like Majority Leader Schumer, I am speechless about what today means. I truly am. B...

Governor Hochul Condemns Calls to Repeal CHIPS & Science Act, Cites Risks to Jobs and Security

New York Secures Historic Semiconductor Technology Center, Aiming to Revitalize Economy