Economy Of New York (state)
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Economy Of New York (state)
The economy of the State of New York is reflected in its gross state product in 2022-Q2 of $US2.0 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as the 10th largest economy in the world. However, in 2019, the multi-state, New York City-centered metropolitan statistical area produced a gross metropolitan product (GMP) of $US2.0 trillion, ranking first nationally by a wide margin and behind the GDP of only nine nations. The state has a large manufacturing sector, which includes printing and publishing and the production of garments, furs, railroad rolling stock, and bus line vehicles. Some industries are concentrated in upstate locations also, such as ceramics and glass (the southern tier of counties), microchips and nanotechnology ( Albany) and the Greater Capital District, and photographic equipment (Rochester). New York's agricultural outputs comprise dairy products, cattle and ot ...
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New York State
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's population liv ...
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Albany, New York
Albany ( ) is the capital of the U.S. state of New York, also the seat and largest city of Albany County. Albany is on the west bank of the Hudson River, about south of its confluence with the Mohawk River, and about north of New York City. The city is known for its architecture, commerce, culture, institutions of higher education, and rich history. It is the economic and cultural core of the Capital District of the State of New York, which comprises the Albany–Schenectady–Troy Metropolitan Statistical Area, including the nearby cities and suburbs of Troy, Schenectady, and Saratoga Springs. With an estimated population of 1.1 million in 2013, the Capital District is the third most populous metropolitan region in the state. As of 2020, Albany's population was 99,224. The Hudson River area was originally inhabited by Algonquian-speaking Mohican (Mahican), who called it ''Pempotowwuthut-Muhhcanneuw''. The area was settled by Dutch colonists who, in 1614, built Fort ...
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Manhattan New York Skyline By Don Ramey Logan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of ...
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Malta, New York
Malta is a town in Saratoga County, New York, United States. The town is in the central part of the county and is south of Saratoga Springs. The population was 17,130 as of the 2020 census. Malta, along with Stillwater, is home to the Luther Forest Technology Campus, a site designed for semiconductor and nanotechnology manufacturing and other innovative technologies. This campus includes GlobalFoundries, a company specializing in the semiconductor industry, which in April 2021 moved its headquarters from Silicon Valley, California to its semiconductor-chip manufacturing facility in Saratoga County near a section of the Adirondack Northway, in Malta. History Tradition says Peter Drummond and Daniel McAlpin were early settlers, but, as Loyalists, they fled as the Revolutionary War came closer to the area. Dunn 1974: 408 The earliest documented settlement occurred around 1771, with many of the settlers migrating from Connecticut. According to various sources, Michael Dunning ...
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Adirondack Northway
Interstate 87 (I-87) is a north–south Interstate Highway located entirely within the US state of New York. It is most of the main highway between New York City and Montreal. The highway begins at exit 47 off I-278 in the New York City borough of the Bronx, just north of the Robert F. Kennedy Bridge and Grand Central Parkway. From there, the route runs northward through the Hudson Valley, the Capital District, and the easternmost part of the North Country to the Canadian border in the town of Champlain. At its north end, I-87 continues into Quebec as Autoroute 15 (A-15). I-87 connects with several regionally important roads: I-95 in New York City, New York State Route 17 (NY 17; future I-86) near Harriman, I-84 near Newburgh, and I-90 in Albany. The highway is not contiguous with I-87 in North Carolina. I-87 was assigned in 1957 as part of the establishment of the Interstate Highway System. The portion of I-87 south of Albany follows two contro ...
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Saratoga County, New York
Saratoga County is a county in the U.S. state of New York, and is the fastest-growing county in Upstate New York. As of the 2020 U.S. census, the county's population was enumerated at 235,509, representing a 7.2% increase from the 2010 population of 219,607, representing one of the fastest growth rates in the northeastern United States. The county seat is Ballston Spa. Saratoga County is included in the Capital District, encompassing the Albany-Schenectady-Troy, New York Metropolitan Statistical Area. Saratoga County's name was derived from the Iroquois word ''sah-rah-ka'' or ''sarach-togue'', meaning "the hill beside the river", referring to the Hudson River bordering the county on its eastern flank and the Mohawk River delineating its southern border. Saratoga County, bisected by the toll-free, six-lane Adirondack Northway, serves as an outdoor recreational haven and as the gateway to the Adirondack Mountains and State Park for the populations of the Albany and New York Ci ...
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Semiconductor
A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glass. Its electrical resistivity and conductivity, resistivity falls as its temperature rises; metals behave in the opposite way. Its conducting properties may be altered in useful ways by introducing impurities ("doping (semiconductor), doping") into the crystal structure. When two differently doped regions exist in the same crystal, a semiconductor junction is created. The behavior of charge carriers, which include electrons, ions, and electron holes, at these junctions is the basis of diodes, transistors, and most modern electronics. Some examples of semiconductors are silicon, germanium, gallium arsenide, and elements near the so-called "metalloid staircase" on the periodic table. After silicon, gallium arsenide is the second-most common s ...
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Silicon Valley, California
Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo County and Santa Clara County. San Jose is Silicon Valley's largest city, the third-largest in California, and the tenth-largest in the United States; other major Silicon Valley cities include Sunnyvale, Santa Clara, Redwood City, Mountain View, Palo Alto, Menlo Park, and Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zurich, Switzerland and Oslo, Norway), according to the Brookings Institution, and, as of June 2021, has the highest percentage of homes valued at $1 million or more in the United States. Silicon Valley is home to many of the world's largest high-tech corporations, including the headquarters of more than 30 businesses in the Fortune 1000, and thousands of startup companies. ...
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Semiconductor Industry
The semiconductor industry is the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices, such as transistors and integrated circuits. It formed around 1960, once the fabrication of semiconductor devices became a viable business. The industry's annual semiconductor sales revenue has since grown to over , as of 2018. The semiconductor industry is in turn the driving force behind the wider electronics industry, with annual power electronics sales of £135billion () as of 2011, annual consumer electronics sales expected to reach by 2020, tech industry sales expected to reach in 2019, and e-commerce with over in 2017. In 2019, 32.4% of the semiconductor market segment was for networks and communications devices. In 2021, the sales of semiconductors reached a record $555.9 billion, up 26.2 percent with sales in China reaching $192.5 billion, according to the Semiconductor Industry Association. A record 1.15 trillion semiconduct ...
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GlobalFoundries
GlobalFoundries Inc. (GF or GloFo) is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD, the company was privately owned by Mubadala Investment Company, the sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021. The company manufactures chips designed for markets such as mobility, automotive, computing and wired connectivity, consumer internet of things (IoT) and industrial. As of 2021, GlobalFoundries is the fourth-largest semiconductor manufacturer; it produces chips for more than 7% of the $86 billion semiconductor manufacturing services industry. It is the only one with operations in Singapore, the European Union, and the United States: one 200 mm and one 300 mm wafer fabrication plant in Singapore; one 300 mm plant in Dresden, Germany; one 200 mm plan ...
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Nursery (horticulture)
A nursery is a place where plants are propagated and grown to a desired size. Mostly the plants concerned are for gardening, forestry or conservation biology, rather than agriculture. They include retail nurseries, which sell to the general public, wholesale nurseries, which sell only to businesses such as other nurseries and to commercial gardeners, and private nurseries, which supply the needs of institutions or private estates. Some will also work in plant breeding. A nurseryman is a person who owns or works in a nursery. Some nurseries specialize in certain areas, which may include: propagation and the selling of small or bare root plants to other nurseries, growing out plant materials to a saleable size, or retail sales. Nurseries may also specialize in one type of plant: e.g., groundcovers, shade plants, or rock garden plants. Some produce bulk stock, whether seedlings or grafted, of particular varieties for purposes such as fruit trees for orchards, or timber tr ...
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