High-Tech Project Involving Intel and IBM to Create Jobs for NYS

New York State Governor Andrew Cuomo announced Tuesday a $4.4 billion high-tech project involving five global companies that will create or retain 6,900 jobs in New York State. The announcement was made at the New York Open for Business Statewide Conderence at the Empire State Plaza Convention Center in Albany.

The project which involves Intel, IBM Corp., GlobalFoundries, TSMC, and Samsun, is designed to build a next generation of computer chip technology. It was also announced that facilities will be created or expanded at the nanotechology center next to the state University at Albany, in Utica, East Fishkill, Canandaigua, and Yorktown Heights.

Cuomo noted that New York State is providing a matching investment of $400 million in equipment and technology to the state university system.

John Kelly, senior vice president and director of research at IBM, said the New York-based company's investment in research and development will be $3.6 billion and that the goal is to create the next generation of computer wafer.

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