Times Union: Tonko and business executives push passage of CHIPS Act

by Larry Rulison

ALBANY - Local business and political leaders gathered Friday at Albany Nanotech for a panel discussion in which they urged Congress to finally pass the $52 billion CHIPS Act, which would provide the computer chip industry billions of dollars to build new factories across the United States, including a new federal chip manufacturing research lab based in Albany.

The event, organized by the State University of New York system, the Business Council and the locally-based American Semiconductor Innovation Coalition, featured U.S. Rep. Paul Tonko, the Democratic congressman from Amsterdam, as well as executives from IBM and GlobalFoundries.

And while there is plenty of excitement about the CHIPS Act, and what it could mean for the Capital Region, there was also some worries since the legislation appears to be stalled as Congress approaches its recess at the end of July.

Read more in the Albany Times Union.