NANO Update...this is from the WKTV website that also has a replay of the press conference:
http://www.wktv.com/breaking/Austrian_firm_ams_AG_backs_out_of_chip_fab_at_SUNY_Poly.html
The Austrian firm ams AG, which had pledged to invest $2 billion into a computer chip fab at SUNY Polytechnic Institute, has backed out of the plans, according to a Swiss publication.
An English translation of the publication states:
“AMS is moving from plans to build a chip factory in the U.S. state of New York. This is the result of an internal communication in which "finance and business" took a look.
According to the "Management News" of the Executive Board to employees of the Austrian Chamber Maker, after delays on the part of the U.S. state regarding subsidies and construction, 'we will inform our negotiating partners that we are not pursuing the Fab-C project.'
Fab C, that is the internal name of the planned plant in New York; Fab B is to be strengthened on the main site of AMS near Graz."
The company had signed off on plans to build the chip fab plant back in July 2015 and it was expected to create around 1,000 jobs. Groundbreaking at the intended chip fab site in Marcy occurred in April 2016.
Mohawk Valley EDGE officials say there will be a Marcy Nanocenter Press Conference at 3 p.m. with local elected officials, Oneida County Executive Anthony Picente, Assemblyman Anthony Brindisi, Senator Joseph Griffo, Utica Mayor Robert Palmieri, Rome Mayor Jacqueline Izzo and Mohawk Valley EDGE.
The press conference will stream live on NBC and at WKTV.com/live.
- See more at: http://www.wktv.com/breaking/Austrian_firm_ams_AG_backs_out_of_chip_fab_at_SUNY_Poly.html#sthash.yPGmXjcL.dpuf
