UPDATE FROM ALBANY – $4.4 billion joint investment announced involving IBM, Intel, others

In a speech at this morning’s “New York Open for Business” conference in Albany, Gov. Andrew Cuomo announced that the state had entered into agreements providing for investments by IBM, Intel, GlobalFoundries, TSMC, and Samsung with a combined value of $4.4 billion.

The investments will be aimed at the development of nanotechnology, and will create or retain at least 6,900 jobs, according to Cuomo. Included therein are nearly 1,000 high-paying, high-tech jobs that will be created at IBM’s East Fishkill and Yorktown Heights locations.

More on this in the upcoming issue of the Westchester County Business Journal. Stay tuned.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s