There is now $15 million in private money available for training women and minorities and increasing their participation in nanotechnology fields, Gov. Andrew M. Cuomo announced Sunday.
The money is coming through the Global 450 Wafer Consortium, a group of leading semiconductor industry companies working together at the University at Albany College of Nanoscale Science and Engineering.
The funding announcement comes as construction nears completion on the consortium’s new headquarters building, NanoFab Xtension on Washington Avenue. Cuomo’s office said construction achieved a goal of 20 percent minority- or women-owned business enterprise participation.
The $15 million was put up by Intel, IBM, GlobalFoundries, TSMC and Samsung — the companies that are collectively investing $4.4 billion in the 450-mm wafer initiative. The fund will support job training programs and educational programs in schools, and the development of a recruitment strategy to draw more women and minorities into science and engineering.
The consortium is working on transforming existing 300-mm silicon wafer technology into new 450-mm technology. The larger wafer size will produce more than twice the number of computer chips processed on today’s 300-mm wafers, lowering the cost per chip.