IBM splashes $2.5bn on plant

Fab!

Fab!

IBM has opened a $2.5bn top-of-the-range semiconductor factory in the US proving to its critics that there is still money in the chip business. At a time when most technology companies are losing money and tightening their purse strings, IBM has bucked the trend and invested $500m in R&D. The factory will produce chips for everything from mainframes and servers to games consoles. John Kelly, senior vice-president of IBM's technology group, said the factory is located in the Hudson River Valley, New York State, only a few miles from IBM's research labs. "Lab-to-fab" time should be as close to zero as possible, he added. The facility, opened by New York Governor George Pataki, will create jobs for 1,000 workers and is expected to start full time production next year. For related news, see
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