Albany's College of Nanoscale Science and Engineering has announced a $10 million deal with a Los Angeles outfit to make photon powered chips.
APIC will make photonic integrated circuits, which do not need the electron powered metal wiring.
Richard Brilla, vice president for strategy, alliances and consortia at the school said that the technology was leading edge stuff.
It uses light instead of electricity to power chips and means that computing speeds could be increased by 60 percent while reducing power usage by 90 percent.
Raj Dutt, chief executive officer of APIC, told the Times Union that his outfit will design the chips in Los Angeles and make them in a fab in Honolulu, Hawaii.
So far the plan is to build a hybrid chip that uses photons and electrons at the same time.
While there has been a lot of talk about so called light chips, it appears that someone has got a design that they think they can sell.