IBM, Intel Group to Invest $4.4 Billion in Chip Tech

New York State is getting an economic boost from a group comprised of Intel Corporation, Globalfoundries and IBM. The group is investing $4.4 Billion dollars in research and development in upstate New York, Governor Andrew Cuomo announced this week.

The investment is expected to result in the creation and retention of approximately 6,900 jobs, Cuomo said.

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Glad to see some infrastructure being invested in America instead of somewhere else in the world. And 6,900 new jobs is a good thing.

cageymaru said:

Glad to see some infrastructure being invested in America instead of somewhere else in the world. And 6,900 new jobs is a good thing.

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^Agree^ Probably the chips that they don't want China to produce for the Military because of the backdoor or self destruct mechanism.

4.4B seems aweful cheap for a fab environment. Guess it is a good time to invest in structure.

cageymaru said:

Glad to see some infrastructure being invested in America instead of somewhere else in the world. And 6,900 new jobs is a good thing.

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QFT, so, so true!

Imho, IBM should look at AMD for their next purchase. They started this whole thing after all

MrLonghair said:

Imho, IBM should look at AMD for their next purchase. They started this whole thing after all

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AMD only does design - not fab anymore, they spun that off to Global Foundries.

IBM and Globalfoundries work extremely close together on process development, co-occupying their development sites.

Also, you have to read through the PR speak - this amounts to 2,500 new jobs across the state - which is great. The fact that it is IBM, GF, and Intel means this involves SEMATECH, the only way I know of that Intel collaborates with IBM/GF. Lastly, this level of investment approximates what has been happening in the region over the last decade, so it's nice to see that continue.