IBM Corp is not shuttering all its chip plants, and yesterday it announced plans to invest $1,000m in France and $400m in the US to upgrade two of them. In Essonnes, France it will spend about $1,000m on equipment to fabricate 64M-bit dynamic random access memory chips, over time creating over 1,000 new jobs. And in Burlington, Vermont, IBM will invest $400m to add 0.35 and 0.25 micron fabrication equipment to create new lines for making microprocessors, embedded controllers and other logic devices, including the new Mwave family of multimedia signal processors.
IBM TO INVEST $1,500m IN FRENCH, US CHIP PLANTS
