So the arguments about high taxes stifling jobs are just lies. Libertarianism is a myth.
source: Bloomberg
IBM, Intel Start $4.4 Billion Chip Venture in New York State
International Business Machines Corp. and Intel Corp. will invest $4.4 billion over five years to create a research and development hub for nanotechnology in Albany, New York, the state's Governor Andrew Cuomo said.
To support the project, the state will make a $400 million investment in the State University of New York College of Nanoscale Science and Engineering in Albany, according to a statement.
Globalfoundries Inc., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are also investing in the project, which will create and retain 6,900 jobs, including 2,500 new technology positions. A Nanometer is about one twenty- five millionth of an inch and chips of this scale are used in systems from supercomputers to consumer devices, Michael Loughran, a spokesman for Armonk, New York-based IBM, said in an interview.
“This is really all about the computing systems IBM and others will construct using advance technologies,” Paul Otellini, Intel's president and chief executive officer, said at a press conference in Albany. “This will create computers that will help doctors diagnose advance diseases.”
Research and development facilities located in Canandaigua, Utica, East Fishkill and Yorktown Heights also will receive cash, according to the statement.
“This unprecedented investment in New York's economy will create thousands of jobs and make the state the epicenter for the next generation of computer chip technology,” Cuomo said in the statement.
IBM rose $3.99, or 2.3 percent, to $178.50 at 11:32 a.m. in New York Stock Exchange composite trading. Before today, the shares were up 22 percent this year. Intel, based in Santa Clara, California, rose 61 cents, or 2.7 percent, to $22.85 in trading on the Nasdaq Stock Market.
source: Bloomberg
IBM, Intel Start $4.4 Billion Chip Venture in New York State
International Business Machines Corp. and Intel Corp. will invest $4.4 billion over five years to create a research and development hub for nanotechnology in Albany, New York, the state's Governor Andrew Cuomo said.
To support the project, the state will make a $400 million investment in the State University of New York College of Nanoscale Science and Engineering in Albany, according to a statement.
Globalfoundries Inc., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are also investing in the project, which will create and retain 6,900 jobs, including 2,500 new technology positions. A Nanometer is about one twenty- five millionth of an inch and chips of this scale are used in systems from supercomputers to consumer devices, Michael Loughran, a spokesman for Armonk, New York-based IBM, said in an interview.
“This is really all about the computing systems IBM and others will construct using advance technologies,” Paul Otellini, Intel's president and chief executive officer, said at a press conference in Albany. “This will create computers that will help doctors diagnose advance diseases.”
Research and development facilities located in Canandaigua, Utica, East Fishkill and Yorktown Heights also will receive cash, according to the statement.
“This unprecedented investment in New York's economy will create thousands of jobs and make the state the epicenter for the next generation of computer chip technology,” Cuomo said in the statement.
IBM rose $3.99, or 2.3 percent, to $178.50 at 11:32 a.m. in New York Stock Exchange composite trading. Before today, the shares were up 22 percent this year. Intel, based in Santa Clara, California, rose 61 cents, or 2.7 percent, to $22.85 in trading on the Nasdaq Stock Market.
Thought1 is siding with a multi-national corp to curry support for his tax ideology. How much of that 4.4 billion will be subsidized by the govt?
