9/29/2011 9:48:00 AM

Times Union: More high-tech plants remain option if state keeps money tap open

Times Union

ALBANY -- The consortium of high-tech firms that unveiled a $4.8 billion computer chip project with the state intends to return to Albany for more deals for more plants in a few years, according to agreements worked out among the parties.

Besides the $4.4 billion in industry investment and $400 million in public dollars for the deal revealed Tuesday focused on the University at Albany's College of Nanoscale Science and Engineering (CNSE), the five big computer chip manufacturers making up the consortium are agreeing to even more spending and jobs in New York if the Cuomo administration continues its support. For instance, a potential additional phase of expansion would be conditional on another contract negotiated around 2013 with state government, according to agreements made in recent weeks, a document obtained by the Times Union shows.

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