Saratoga.com logo
Saratoga.com logo
  • Places to Stay
  • Things To Do
  • Food & Drink
  • Events
  • Businesses
  • Travel Guides
Saratoga Business Journal
  • Home
  • New Businesses
  • Business News
  • Business Reports
  • Business Briefs
  • Business Registrations
  • Personnel Briefs
  • Contact Us
Home  »  Business News  »  State: Electronics Manufacturing Group Will Create Some 500 Capital District Jobs
Business News

State: Electronics Manufacturing Group Will Create Some 500 Capital District Jobs

Posted onAugust 7, 2014

New York state announced in July it will
partner with over 100 private companies, led
by GE, to launch the New York Power Electronics
Manufacturing Consortium in the Capital
District.

The consortium will invest over $500 million
and create thousands of high-skilled, highpaying
jobs in Upstate New York over the next
five years – including at least 500 in the Capital
Region – focusing on the development and
manufacture of the next generation of materials
used on semiconductors, state officials said.

The initiative, which will include dozens of
companies — including GlobalFoundries and
Lockheed Martin — and universities from
across the state, will use silicon carbide to
make a new generation of power electronics
components.

“This partnership will create thousands of
new jobs in Upstate New York, tapping into our
highly trained workforce and existing centers
of high tech research and development,” Gov.
Andrew Cuomo said. “With commitment from
our partners, we are advancing New York’s
capability to compete in the international
marketplace and make this state the place to
develop and manufacture high tech materials.
This investment and partnership today will
utilize the workforce of tomorrow, creating
jobs and increasing long-term investments in
New York state.”

The New York Power Electronics Manufacturing
Consortium (NY-PEMC) is a public-private
partnership that will help develop the next
generation of materials used on semiconductors
at the state-owned R&D facility in Albany,
according to the governor’s office. Managed
through the newly merged SUNY College of
Nanoscale Science and Engineering (CNSE)/
SUNY Institute of Technology (SUNYIT), this
next generation of semiconductors will enable
power devices to get smaller, faster and more
efficient as the current material, silicon, has
reached its entitlement.

“GE is proud to support New York’s Power
Electronics Manufacturing Consortium, which
places New York at the forefront of the next
revolution in power, said GE Chairman and
CEO Jeff Immelt. “By partnering, we are bringing
breakthrough reliable technology to market
faster and at lower cost so our customers and
global industries see major productivity gains
and operate at peak efficiency.”

Officials said the site will act as a global
“open-innovation” user-shared facility, which
will enable the expansion and growth of major
corporate partners, as well as small and medium-
sized enterprises (SME’s) with a particular
emphasis on MWBE firms and enterprises.

Dr. Alain Kaloyeros, CEO and officer in
charge, SUNY CNSE/SUNYIT, said, “Power
electronics is one of the fastest growing global
markets and New York is now poised to lead the
way in their continued refinement. Partnering
CNSE’s world-class research and development
resources with the combined expertise of our
corporate and university partners will provide
tremendous advances for the business, technology
and academic communities.”

Officials said GE will be a lead partner in the
fab, housed at the CNSE Nano Tech complex,
which will develop and produce low cost, high
performance 6-inch silicon carbide (SiC)
wafers. These SiC-based power electronic devices
have significant advantages over silicon
(Si), including the capacity to handle much
higher frequencies, and temperatures, which
decreases the size and cost for companion
filtering and cooling systems.

Additionally, the devices can be half the size
of similar Si devices, providing increased power
density and reliability. In its current form, SiC
technology can be cost prohibitive to smaller to
medium size companies. All NY-PEMC partner
companies will have access to state-of-the-art
6-inch SiC tools and a baseline process flow,
contributed by GE, where they can make their
own enhancements in preparation for high
volume, cost effective manufacturing.

Senator Hugh T. Farley said “Here in the
Capital Region, we have seen that investments
in nanotechnology are paying off–leveraging
investments and greatly boosting the job
outlook. Combining technological innovation
and manufacturing, while also partnering with
some of the country’s leading corporations,
will further cement New York’s position at the
forefront of the industry.”

The partnership is enabled by the STARTUP
NY tax-free initiative, in addition to $135
million in New York state funds provided to
CNSE for the establishment of the NY-PEMC
facilities, which will attract $365 million
in private funds and know-how to support
personnel, equipment and process flow, tool
installation, facilities and materials for a total
five-year investment of $500 million. Collaboration
with CNSE will enable the expansion and
growth of both major corporate partners and
small and medium-sized enterprises within a
vibrant power electronics device and systems
integration eco-system.

Previous Article Saratoga National Recognized As A 5-Star Bank
Next Article Coldwell Banker Offices In Carthage And Watertown Are Merging With RealtyUSA
Subscribe to Our Newsletter View the Latest Virtual Edition

Categories

  • 50-Plus
  • Banking
  • Banking / Asset Managment
  • Building Trades
  • Business Briefs
  • Business News
  • Business Registrations
  • Business Reports
  • Commercial / Residential Real Estate
  • Community Services
  • Construction
  • Construction Planning
  • Corporate Tax / Business Planning
  • Cyber / Tech
  • Dining Guide
  • Economic Development
  • Economic Outlook 2016
  • Economic Outlook 2017
  • Economic Outlook 2018
  • Economic Outlook 2019
  • Economic Outlook 2020
  • Economic Outlook 2022
  • Economic Outlook 2023
  • Economic Outlook 2024
  • Economic Outlook 2025
  • Education/ Training/ Personal Development
  • Entrepreneurial Women
  • Entrepreneurship
  • Environment / Development
  • Financial Planning / Investments
  • Fitness / Nutrition
  • Health / Community Services
  • Health & Fitness
  • Health & Wellness
  • Healthcare
  • Holiday Guide
  • Holiday Shopping
  • Home / Energy
  • Home / Insurance
  • Home & Real Esate
  • Insurance / Employee Benefits
  • Insurance / Medical Services
  • Legal / Accounting
  • Meet The Chef
  • New Businesses
  • Non-Profit
  • Office / Computer / New Media
  • Office / HR / Employment
  • Office/ Technology/ E-Commerce
  • Outlook 2021
  • Personnel Briefs
  • Retirement Planning
  • Senior Living / Retirement
  • Summer Construction
  • Uncategorized
  • Wellness
  • Women In Business
  • Workplace / Security / Legal
  • Year-End Tax Planning

Archives

  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
Connect With Us

Follow, like and subscribe to Saratoga.com on social media

Account Sign In Submit An Event
Saratoga.com logo
  • Home
  • Places To Stay
  • Things To Do
  • Food & Drink
  • Events
  • Real Estate
  • Businesses
  • Guides
  • Contact Us
  • Blogs
  • Sweepstakes
  • Advertising
Visit Saratoga.com For Everything Saratoga
Full-Service Internet Marketing: Search Engine Optimization, Website Design and Development by Mannix Marketing, Inc.
Mannix Marketing, Inc. is headquartered near Saratoga Springs in Glens Falls, New York
Saratoga.com All Rights Reserved © 2025
Disclaimer & Privacy Policy / Terms of Use / Copyright Policies
[uc-privacysettings]

We strive to insure accuracy on Saratoga.com however accuracy cannot be guaranteed. Information is subject to change.
Please alert us if there is any inaccurate information here.

Having trouble using this site? Accessibility is our goal, please contact us with site improvements.