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IBM, Intel group to invest $4.4 billion in chip tech

Tuesday, September 27, 2011

The upstate New York area has become a hotbed of chip manufacturing and R&D. A large chipmaking facility is now being completed by Globalfoundries there.
(Credit:
Globalfoundries)

A group of semiconductor heavyweights led by Intel, IBM, and Globalfoundries will invest $4.4 billion in a New York-based chip R&D hub, New York Gov. Andrew M. Cuomo said today.
The five-year investment will be centered in upstate New York, which is already a hotbed of chip research and development

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