ALBANY, N.Y. (NEWS10) – Their Majesties, King Willem-Alexander and Queen M?xima of the Netherlands visited Albany on Wednesday. The Dutch royals touched on the shared history with New York state and made a major announcement.

They want to facilitate a global partnership and pave the way for more innovation in the semiconductor industry by signing a memorandum of understanding with the state. Get the latest news, weather, sports and entertainment delivered right to your inbox!

“Today we will be examining how New York state and the Netherlands will bring its historic relationship into the 21st century. Yes, one that started back in the 1600s, and how further collaboration between our world-class semiconductor industries will drive innovation and tackle the challenges of today and tomorrow,” said Governor Kathy Hochul.