Chip Makers Commit $4.4 Billion to Research in New York

Five semiconductor-manufacturing giants — including International Business Machines Corp. and Intel Corp. — have committed $4.4 billion to work on developing chip technology in the state of New York, allowing them to share resources as they move to more advanced manufacturing.

The agreement seeks to help the industry move to making chips on 450-millimeter wafers, which reduces the cost per processor by more than doubling the number of chips made on each wafer. The companies will be combining their semiconductor acumen and financial resources to ensure a smooth transition to the advanced technology, while also cementing New York’s position as a hub for semiconductor development.

Other partners involved include Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Co. and Globalfoundries, the former manufacturing arm of Advanced Micro Devices Inc.

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