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July 18th, 2005
Four of the world's largest computer chip makers and New York state will spend $600 million over the next five years on a research, education and economic development project focused on creating the next generation of computer microchips while limiting costs.
The project, to be officially launched today, will get $200 million in funding and equipment from Armonk-based IBM Corp., Sunnyvale, California-based Advanced Micro Devices Inc., Infineon Technologies AG of Germany and Boise, Idaho-based Micron Technology Inc. The state is contributing $180 million. More than $200 million is coming from numerous companies that provide the materials and equipment used to make semiconductors.
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