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Intel, IBM to lead $4.4B chip R&D hub in NY

9/27/2011 05:22 PM EDT
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RobDinsmore
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
RobDinsmore   9/28/2011 3:55:46 AM
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Crap, I mean great. Looks like I may have to consider moving to upstate NY.

Dave.Dykstra
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
Dave.Dykstra   9/28/2011 4:06:32 AM
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Well, this looks like good news for NY, and the industry in general. I wonder how many they will be able to recruit locally and how many will have to come from elsewhere....

tato76
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
tato76   9/28/2011 9:33:31 AM
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This is great for NY State. Too bad for unemployed engineers who are looking for a place to live with a good cultural offering with a lot of things to do. Winter in Upstate NY is rather depressing. I've lived in Rochester for 7 years and wasn't very fond of it. I also spent a winter in Binghamton which is even worse. But still this is a bit win for the NYS economy. Kind of wish this would happen in Portugal where I live now! :)

resistion
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
resistion   9/28/2011 9:40:35 AM
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I felt NY upstate did not have the cultural diversity of West Coast or NYC. For this kind of job, it is not attractive.

BLinder
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
BLinder   9/28/2011 1:23:08 PM
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Simple solution, you recruit in the spring and summer months, get the employee to move, ensure they sell their home and buy in NY, don't mention NY high taxes, or liberal state, then get them working before the first snow blizzard hits. On the flip side even Global Foundry has problems filling jobs in the region.

kevinICdesigner
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
kevinICdesigner   9/28/2011 1:44:28 PM
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Is this why INTC is borrowing $5e+9?

wilber_xbox
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
wilber_xbox   9/28/2011 3:27:00 PM
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some good news in the gloomy environment. Finally industry is moving towards 450mm fabs to keep cost at lower nodes in check. As expected, only companies with deep pockets are part of the consortium.

Bob Lacovara
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
Bob Lacovara   9/28/2011 3:57:34 PM
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One has to wonder how IBM and Intel picked NY. I mean, despite the fact of a "competition". (It doesn't matter how an electorate votes: what matters is who counts the votes.) Well, of course IBM would have a bias for NY, but I wonder if the state sweetened the deal on the taxes front. NY has not exactly been the "go to" state for business lately. If I were going to sink almost $5B in a business, I'd start out in some right-to-work state with a decent record on the business side of things.

kevinICdesigner
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
kevinICdesigner   9/28/2011 4:24:21 PM
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Intel knows what its got already. This gives them some access to IBM tech, which is probably a big net gain for INTC. The center of IBM tech dev is in upstate NY. Hence INTCs intent to go there. If it was in SiVly then IBM might get more out of it. Other sites are irrelevant.

pinhead1
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re: Intel, IBM to lead $4.4B chip R&D hub in NY
pinhead1   9/28/2011 4:40:24 PM
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NYS is very business friendly. Especially if you're IBM. And you can't hire any guy off the street to run your fab, so you're going to be paying them a reasonable wage, anyhow. So right-to-work doesn't equate to much in cost savings for this case. Plus, right-to-work states generally suck, you need to attract some good engineers - and most of us prefer the coastal states.

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