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 2024 of $2.297 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 8th largest economy in the world by nominal GDP. However, in 2024, the multi-state, New York City-centered metropolitan statistical area produced a gross metropolitan product (GMP) over $US2.6 trillion, ranking first nationally by a wide margin and also ranked as the largest GDP in the world. By 2025, tourism had become New York's second-largest industry, after finance. The state has a large manufacturing sector, which includes printing and publishing and the production of computers, consumer electronics, apparel, 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 Ca ...
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New York State
New York, also called New York State, is a state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and the Great Lakes. New York is the fourth-most populous state in the United States, with nearly 20 million residents, and the 27th-largest state by area, with a total area of . New York has a varied geography. The southeastern part of the state, known as Downstate, encompasses New York City, the most populous city in the United States; Long Island, with approximately 40% of the state's population, the nation's most populous island; and the cities, suburbs, and wealthy enclaves of the lower Hudson Valley. These areas are the center of the expansive New York metropolitan area and account for approximately two-thirds of the state's population. The larger Upstate area spreads from the Great Lakes to Lake Champlain and includes the Adiro ...
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Computer
A computer is a machine that can be Computer programming, programmed to automatically Execution (computing), carry out sequences of arithmetic or logical operations (''computation''). Modern digital electronic computers can perform generic sets of operations known as Computer program, ''programs'', which enable computers to perform a wide range of tasks. The term computer system may refer to a nominally complete computer that includes the Computer hardware, hardware, operating system, software, and peripheral equipment needed and used for full operation; or to a group of computers that are linked and function together, such as a computer network or computer cluster. A broad range of Programmable logic controller, industrial and Consumer electronics, consumer products use computers as control systems, including simple special-purpose devices like microwave ovens and remote controls, and factory devices like industrial robots. Computers are at the core of general-purpose devices ...
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Semiconductor
A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities (" doping") to its crystal structure. When two regions with different doping levels are present in the same crystal, they form a semiconductor junction. 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 semiconductor and is used in laser diodes, solar cells, microwave-frequency integrated circuits, and others. Silicon is a critical element for fabricating most electronic circuits. Semiconductor devices can display a range of different useful properties, such as passing current more easil ...
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Silicon Valley, California
Silicon Valley is a region in Northern California that is 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 area of the Santa Clara Valley. The term "Silicon Valley" refers to the area in which high-tech business has proliferated in Northern California, and it also serves as a general metonym for California's high-tech business sector. The cities of Sunnyvale, Mountain View, Palo Alto and Menlo Park are frequently cited as the birthplace of Silicon Valley. Other major Silicon Valley cities are San Jose, Santa Clara, Redwood City and Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zürich, Switzerland, and Oslo, Norway), according to the Brookings Institution. As of June 2021, it also had 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 lar ...
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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. Its roots can be traced to the invention of the transistor by Shockley, Brattain, and Bardeen at Bell Labs in 1948. Bell Labs licensed the technology for $25,000, and soon many companies, including Motorola (1952), Schockley Semiconductor (1955), Sylvania, Centralab, Fairchild Semiconductor and Texas Instruments were making transistors. In 1958 Jack Kilby of Texas Instruments and Robert Noyce of Fairchild independently invented the Integrated Circuit, a method of producing multiple transistors on a single "chip" of Semiconductor material. This kicked off a number of rapid advances in fabrication technology leading to the exponential growth in semiconductor device production, known as Moore's law that has persisted over the past six or so decades. The industry's annual semiconductor sale ...
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GlobalFoundries
GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company located in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021. Mubadala remains the majority owner of the company with an 82% stake. The company manufactures integrated circuits on wafers designed for markets such as smart mobile devices, automotive, aerospace and defense, consumer internet of things (IoT) and for data centers and communications infrastructure. As of 2023, GlobalFoundries is the third-largest semiconductor foundry by revenue. 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 ...
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Nursery (horticulture)
A nursery is a place where plants are plant propagation, 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 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 trees, of particular varieties for purposes such as fruit trees for orch ...
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Dairy Product
Dairy products or milk products are food products made from (or containing) milk. The most common dairy animals are cow, water buffalo, goat, nanny goat, and Sheep, ewe. Dairy products include common grocery store food around the world such as yogurt, cheese, milk and butter. A facility that produces dairy products is a ''dairy''. Dairy products are consumed worldwide to varying degrees. Some people avoid some or all dairy products because of lactose intolerance, veganism, Environmental issues, environmental concerns, other health reasons or beliefs. Types of dairy product Milk Milk is produced after optional Homogenization (chemistry), homogenization or pasteurization, in several grades after standardization of the fat level, and possible addition of the bacteria ''Streptococcus lactis'' and ''Leuconostoc citrovorum''. Milk can be broken down into several different categories based on type of product produced, including cream, butter, cheese, infant formula, and yogurt. ...
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Rochester, Monroe County, New York
Rochester is a city in and the seat of government of Monroe County, New York, United States. It is the fourth-most populous city and 10th most-populated municipality in New York, with a population of 211,328 at the 2020 census. The city forms the core of the larger Rochester metropolitan area in Western New York, with a population of just over 1 million residents. Throughout its history, Rochester has acquired several nicknames based on local industries; it has been known as " the Flour City" and " the Flower City" for its dual role in flour production and floriculture, and as the "World's Image Center" for its association with film, optics, and photography. The city was one of the United States' first boomtowns, initially due to the fertile Genesee River valley which gave rise to numerous flour mills, and then as a manufacturing center, which spurred further rapid population growth. Rochester has also played a key part in US history as a hub for social and political movemen ...
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Capital District (New York)
The Capital District, also known as the Capital Region, is the metropolitan area surrounding Albany, the capital of the U.S. state of New York. The Capital District was first settled by the Dutch in the early 17th century and came under English control in 1664. Albany has been the permanent capital of the state of New York since 1797. The Capital District is notable for many historical events that predate the independence of the United States, including the Albany Plan of Union and the Battles of Saratoga. Etymology The earliest known reference to the name "Capital District" stems from a Capital Police District that was created in the Albany area in the late 1860s. In the 1910s, several economic and government organizations covering the area used "Capital District" in their name, such as the Capital District Conference of Charities and Corrections in 1913, the Capital District Life Underwriters Association also in 1913, and the Capital District Recreation League. The Capi ...
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Albany, New York
Albany ( ) is the List of capitals in the United States, capital city of the U.S. state of New York (state), New York. It is located on the west bank of the Hudson River, about south of its confluence with the Mohawk River. Albany is the oldest city in New York, and the county seat of and most populous city in Albany County, New York, Albany County. Albany's population was 99,224 at the 2020 United States census, 2020 census and estimated at 101,228 in 2023. The city is the economic and cultural core of New York State's Capital District (New York), Capital District, a metropolitan area including the nearby cities and suburbs of Colonie, New York, Colonie, Troy, New York, Troy, Schenectady, New York, Schenectady, and Saratoga Springs, New York, Saratoga Springs. With a population of 1.23 million in 2020, the Capital District is the third-most populous metropolitan region in the state. The Hudson River area was originally inhabited by Algonquian languages, Algonquian-speaking Mo ...
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Nanotechnology
Nanotechnology is the manipulation of matter with at least one dimension sized from 1 to 100 nanometers (nm). At this scale, commonly known as the nanoscale, surface area and quantum mechanical effects become important in describing properties of matter. This definition of nanotechnology includes all types of research and technologies that deal with these special properties. It is common to see the plural form "nanotechnologies" as well as "nanoscale technologies" to refer to research and applications whose common trait is scale. An earlier understanding of nanotechnology referred to the particular technological goal of precisely manipulating atoms and molecules for fabricating macroscale products, now referred to as molecular nanotechnology. Nanotechnology defined by scale includes fields of science such as surface science, organic chemistry, molecular biology, semiconductor physics, energy storage, engineering, microfabrication, and molecular engineering. The associated rese ...
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