IBM and New York State Kick in $1.64 Billion for Chips
July 21, 2008 Timothy Prickett Morgan
Newly in charge New York state governor David Paterson announced last week that the state is putting up $140 million in economic development grants to bolster IBM‘s chip process development and manufacturing capabilities in the Empire State. New York is, of course, IBM’s birthing and stomping grounds, and while Big Blue does not employ anywhere near as many employees in the state as it once did (even when it was a much smaller company), the Paterson administration does not want to lose a single IBMer if avoidable. For its part, IBM is going to spend $1.5 billion over the |