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As the semiconductor chip industry takes off in New York, U.S. Sen. Chuck Schumer (D-NY) is worried about a potential threat from China, and is ready to take action.
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Legislation working its way through Congress aims to address a national shortage of semiconductor chips, which are used in everything from smartphones to vehicles, by providing subsidies for domestic manufacturers. Some local officials think upstate could stand to benefit from the proposal in a major way.
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The massive GlobalFoundries computer chip manufacturing plant outside of Albany will soon grow even larger.The company announced an additional $2.3…