IBM, Intel Start $4.4 Billion in Chip Venture in New York
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International Business Machines Corp. and Intel Corp. will invest $4.4 billion over five years to create a hub for next-generation computer chip technology in New York, the state’s Governor Andrew Cuomo, said.
IBM, the world’s biggest computer-services provider, will spend $3.6 billion to develop computer chips using 22-nanometer and 14-nanometer process technology, said Michael Loughran, a company spokesman. A nanometer is one billionth of a meter and measures the size of transistors in a chip. Lower numbers indicate more advanced technology.