IBM leads $2.5B investment in NY

January 7, 2005 – A consortium of semiconductor-industry firms led by IBM plans to invest more than $2.5 billion on facilities and research in New York.

Approximately $1.9 billion is expected to be spent on nanotelectronics manufacturing and development in IBM’s 300mm site in East Fishkill, NY, where IBM is involved in projects with companies including AMD, Sony, Toshiba, Samsung, Infineon, and Chartered. Construction of the expansion is scheduled to be complete in 2H05.

Meanwhile, another plan spearheaded by equipment suppliers including IBM and ASML will invest $450 million to expand the R&D capabilities of the Center of Excellence in Nanoelectronics at the U. of Albany. The investment in the center, which received and has been working with ASML’s original 1150i 193nm immersion scanner since last fall, represents ASML’s first 300mm research efforts outside Europe.

The State of New York will kick in another $150 million to pay for both projects, including capital construction and equipment, in exchange for promises to create 750 high-tech jobs in the state’s Hudson Valley region.


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