Five chip makers, including Intel, IBM, Samsung Electronics, GlobalFoundries and Taiwan Semiconductor Manufacturing Co. have committed investment of US$4.4 billion in research and development in the state of New York over the next five years, to develop new 450-millimeter chip wafer technology, the state's governor Andrew M. Cuomo said on Tuesday.
New York secured the investment in competition with other locations worldwide, Cuomo said in a speech that was also webcast.
IBM has committed $3.6 billion of the total investment to work on next generations of computer chips, including those using 22-nanometers and 14-nanometers process technology, said John Kelly, senior vice president and director of IBM Research.
Since 2000, IBM has invested more than $10 billion in New York state, its largest investment anywhere in the world, Kelly said.
http://www.computerworld.com/s/article/9220342/IBM_to_lead_4.4_billion_chip_investment_in_New_York