I believe both both IBM and Intel are interested in developing their spots in New York's Tech Valley. see: http://www.eetimes.com/electronics-news/4228366/Intel--IBM--others-to-pump--4-4B-into-NY-chip-R-D
Look, this was a photo op. This facility was built several years ago by IBM and is driven by the Semiconductor Industry's forward-thinking. Newer additions are built as technology requires.
In fact, before moving into my newer role, I did materials R&D at this facility 2002-2006. When I first entered the facility, a high-level IBM'r gave an overview of the facility. His first point of pride was that IBM largely funded this facility. Additionally, other companies could participate by providing new/developmental equipment or materials, OR they could provide financing. During my last project in '06, a newer facility was being built to accomodate EUV and newer technologies.
Politicins want votes, Corporations want freebies. Every now and then the Taxpayers luck out as it happened at Silicon Valley.
The major reason behind the growth of Silicon Valley is that enough smart / aggressive people out of Stanford etc. wanted to live there no matter what. Sematech was created in Austin TX by none other than Reagan / Bush I using Tax money under cover of taking on the Japanese who were the threat 25 years ago. But it failed to deliver because Austin may be quirky & even nice but its surrounded by Texas with its poisonous politics that keeps out the free - thinking.
NY state has probably so far coughed up 2+ billions of taxpayer dollars for GloFo but just look at their line-up, technical leaders hired from the failed Semi co.s in Austin who could not keep up with Intel!
The semiconductor industry is no place for also rans.
This photo op is in large part due to Alain E. Kaloyeros, the positive force behind CNSE and the Albany complex. He has the unique perspective of an engineering mind, the needed credentials to work with all the right people and the saviiness of a high-tech promoter. Rebuilding America starts at the top and Kaloyeros,--Senior Vice President and Chief Executive Officer at CNSE -- knows that. This profile is somewhat dated by still relevant: http://www.nytimes.com/2002/07/26/nyregion/public-lives-behind-a-research-center-a-geek-with-great-cars.html?pagewanted=all&src=pm
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.