NanoCollege, LA company launch $10 million partnership


APIC Corp., a Los Angeles photonics company has forged a $10 million partnership for the joint development and commercialization of “green” technology to make computer chips run faster.

The technology will use optical connections using light versus metal wiring that conduct electrons in computer chips, allowing components to be faster and smaller.

The new chips could increase speed in chips by 60 percent while reducing power consumption by 90 percent, the college said.

The deal is expected to create 20 new jobs, many of which would be located at the Albany NanoTech complex.

Categories: Nanotechnology
Larry Rulison

5 Responses

  1. Bamster says:

    The TU needs to monitor this partnership and see how many of the 20 jobs go to local people. I’m betting somehwere between 0 and 2 secretarial or janitorial jobs go local due the crummy education system and high taxes we have here in NY. I’m also willing to bet that this comapny pays zero taxes.

  2. common_sense says:

    This is great news for the Capitol District and the flagship SUNY campus that bares its name! Of course, we will always have malcontents to complain. You’ll never make everyone happy but rational people realize how big this is.

  3. Andy says:

    Why so negative Barnster? The people with the jobs spend money in this area. More Jobs brings more people in, more houses get sold, more people pay more taxes…..

  4. JB says:

    Interesting anouncement. It looks like APIC is involved in military contracting (hopfully the US military). So how much of the 10 mil in value is put up by APIC and how much is put up by SUNY? Who is selling the resulting products and who gets the proceeds or control of the resulting technology?

  5. ugh! says:

    #1,i wouldn’t call the education system crummy.We have some of the best colleges in the nation.The problem is the rising costs to get educated kids in these schools that can do those jobs!Actually, you couldn’t ask for better news,.Albany has gone west coast…Very impressive!