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New York State USA Governor Pataki Announces Historic $2.5 Billion in Investments by IBM Global High-Tech Leaders ALBANY, N.Y.–Jan.2005–Governor George E. Pataki Today,in his 11th Annual State of the State Message,announced more than $2.5 billion in historic investments in Upstate New York by an IBM-led consortium of high-tech companies from across the globe – marking another step in the Governor’s goal of making New York a worldwide leader in university-based research, business development, and job creation.
In one of the most significant commitments in the State’s history, IBM — along with six global giants that include Sony, Toshiba, Samsung, Infineon, AMD, and Charter — will spend $1.9 billion on nanoelectronics manufacturing and development in East Fishkill, New York.
“New York State has just scored two major victories to seal its role as an international powerhouse in high-technology research and economic development,” Governor Pataki said. “We are proud and gratified that industry leaders such as IBM and Sony have recognized that New York is fast becoming a leading destination for new high-tech related investment, economic growth and job creation. The smart investments that we have made in New York’s future as a high-tech leader are clearly paying off and producing major job-creating dividends for our economy.”
This historic investment includes Sony’s investment into the new IBM leading edge 300mm wafer chip making plant, while IBM and its six international partners will work jointly on some of the most advanced semiconductor development programs in the world
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