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NY Gov: IBM to invest $1.5 bln in nanotechnology

Tue Jul 15, 2008 11:08am EDT

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NEW YORK, July 15 (Reuters) - IBM (IBM.N) will invest $1.5 billion in nanotechnology chip projects, which include an "advanced semiconductor packaging research and development center" that will be located in upstate New York at a site yet to be chosen, Gov. David Paterson said on Tuesday.

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The state will contribute $140 million in economic development grants, Paterson added in a statement. (Reporting by Joan Gralla; Editing by James Dalgleish)



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