Home > News > Putting chips on the table: Deal sought to enhance IBM Fishkill plant, boost UAlbany nanotech center
May 31st, 2008
Putting chips on the table: Deal sought to enhance IBM Fishkill plant, boost UAlbany nanotech center
Abstract:
The Paterson administration is discussing a major economic development deal with IBM to enhance the global corporation's Fishkill chip manufacturing capabilities and expand research and development operations at the University at Albany's nanotechnology center, people close to the talks said Friday.
The deal, which could also include UAlbany's east campus in Rensselaer County, is part of IBM's quest to develop its plant for the next generation of computer chip making.
It would come with heavy investments by the company and substantial support from the state, according to the sources. One of the sources pegged the overall investments well above $1 billion.
IBM and the state teamed up in 2000 in a $2.5 billion project that created the chip plant in Fishkill. That deal involved more than $500 million in state commitments including cash, loans and tax breaks. Most of the incentive package involved $475 million in Empire Zone tax relief in Fishkill.
Source:
timesunion.com
Related News Press |
News and information
Gene therapy relieves back pain, repairs damaged disc in mice: Study suggests nanocarriers loaded with DNA could replace opioids May 17th, 2024
Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024
Govt.-Legislation/Regulation/Funding/Policy
Aston University researcher receives £1 million grant to revolutionize miniature optical devices May 17th, 2024
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Chip Technology
Diamond glitter: A play of colors with artificial DNA crystals May 17th, 2024
Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Utilizing palladium for addressing contact issues of buried oxide thin film transistors April 5th, 2024
Announcements
Diamond glitter: A play of colors with artificial DNA crystals May 17th, 2024
Finding quantum order in chaos May 17th, 2024
Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024
The latest news from around the world, FREE | ||
Premium Products | ||
Only the news you want to read!
Learn More |
||
Full-service, expert consulting
Learn More |
||