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GE to lead statewide power consortium

On Tuesday, Gov. Andrew Cuomo announced the creation of a $500 million power electronics consortium led by General Electric in Albany. The state will pitch in $135 million to build the infrastructure for the consortium — a state-owned research and…

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$500 million pledged for power electronics consortium

Gov. Andrew Cuomo and national and local business and technology leaders gathered this morning to unveil the New York Power Electronics Manufacturing Consortium, a half-billion-dollar initiative to develop the next generation of semiconductor technology. The public-private investment totals $500 million,…