The $125 million Computer Chip Commercialization Center, known as the Quad C, is expected to be completed by the end of 2014, said Alain Kaloyeros, senior vice president and CEO of Albany’s College of Nanoscale Science and Technology, which is partnering with SUNYIT in the venture.
The annual operating budget is expected to exceed $500 million, he said.
“Residents will see new opportunities to build high-tech careers in their own backyard,” he said.
Quad C is being funded through a public-private sector partnership and is linked to Albany’s College of Nanoscale Science and Engineering. The chips that will be researched and developed at SUNYIT will be used in everything from phones to medical devices.