Business

New York Plans to Invest $1 Billion to Expand Chip Research

Gov. Kathy Hochul of New York is expected to announce on Monday a plan to invest $1 billion to expand chip research activities in Albany, N.Y., as the state aims to continue as a global semiconductor center.

The plan is expected to create 700 new permanent jobs and retain thousands more, and includes the purchase of new version of one of the

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