News

May 11, 2007

IBM Speaks Out About Sematech Deal

By: by Larry Rulison, Business Writer, Times Union

Source:

IBM Corp., one of the members of Sematech, has issued a statement about Sematech's $760 million deal with the state of New York to create 450 new jobs at UAlbany's College of Nanoscale Science and Engineering and make it the headquarters of what's known as International Sematech.

IBM, which is based in Armonk, has invested hundreds of millions of dollars at the college's Albany NanoTech complex, where International Sematech will be based.

"As a member of Sematech and the Albany NanoTech center, IBM applauds Sematech's decision to more closely align with the important work being done at Albany NanoTech," said John Kelly, IBM's senior vice president for technology and intellectual property. "This announcement demonstrates the strength and benefits of the close collaboration between industry, academia and New York state government leaders."