Tech Valley: Boom, Bust, Or Buzz?

When Sematech, an international consortium of semiconductor manufacturers, announced in July 2002 that it was locating a research center (now known as "Sematech North") at the University at Albany’s new nanotech center, the buzz was tremendous. Sematech, with whom Austin, Texas, rose and fell throughout the 1990s, had never located anywhere outside Austin since it settled there in 1988. The fact that snowbound, state-bureaucracy-reliant Albany won the location search was for most people startling, to say the least, and caused a frenzy of speculation.

Thanks to Miriam Axel-Lute