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1. • • Under the deal announced Monday, IBM is going to pay GlobalFoundries $1.5 billion to take over its semiconductor operations in Vermont and New York. For the next 10 years, GlobalFoundries will become IBM’s exclusive provider of certain classes of semiconductors. The plant in Vermont was founded in 1957 and once employed more than 8,000 people.
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     IBM plant sold, stays in Vermont – IMDiversity

2. www.vermontpublic.org · vpr-news · 2014/10/20IBM In Vermont: A History In Pictures | Vermont Public

   www.vermontpublic.org · vpr-news · 2014/10/20

   

   Oct 20, 2014 · Employees fill the Essex Junction IBM plant in this 1961 photo. At its peak, IBM employed about 8,500 Vermonters, making it the state's largest private employer.

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3. People also ask

   How much does Vermont plant modernization cost?

   • Of the $1.5 billion award, the feds are set to hand down $125 million to renovate the plant in Essex Junction, according to Goldstein. The state, for its part, has appropriated $5 million that GlobalFoundries needed to help access the federal cash, she said. Overall, the Vermont plant modernization is slated to cost $900 million, Goldstein said.

   Feds award $1.5 billion to GlobalFoundries, in part to modernize

   vtdigger.org/2024/02/19/feds-award-new-funding-to-modernize-globalfoundries-vermont-plant/

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   Will Vermont's New Apprenticeship Program create 'hundreds of jobs'?

   • Sen. Bernie Sanders, I-Vt., also praised the funding in a statement Monday, saying that it would create “hundreds” of jobs and new apprenticeship programs in Vermont.

   Feds award $1.5 billion to GlobalFoundries, in part to modernize

   vtdigger.org/2024/02/19/feds-award-new-funding-to-modernize-globalfoundries-vermont-plant/

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   Does Vermont have good economic development news?

   • Joan Goldstein, commissioner of the Vermont Department of Economic Development, lauded the award in an interview Monday afternoon, saying “it’s not often that we have such positive economic development news.”

   Feds award $1.5 billion to GlobalFoundries, in part to modernize

   vtdigger.org/2024/02/19/feds-award-new-funding-to-modernize-globalfoundries-vermont-plant/

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4. www.sevendaysvt.com · news · the-chips-are-down-doesThe Chips Are Down: Does IBM Have a Future in Vermont?

   www.sevendaysvt.com · news · the-chips-are-down-does

   

   Jul 9, 2014 · IBM manufacturing plant. Since reports of a sale emerged earlier this year, Spaulding's colleagues in state government and Vermont's congressional delegation have struggled to calibrate an...

5. en.wikipedia.org · wiki · IBM_MicroelectronicsIBM Microelectronics - Wikipedia

   en.wikipedia.org · wiki · IBM_Microelectronics

   

   IBM Microelectronics Division was the semiconductor arm of International Business Machines Corporation (IBM) from 1966 to 2015. Two facilities in Burlington, Vermont, and East Fishkill, New York, housed the majority of the division.

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7. www.foxbusiness.com · markets · sale-of-ibmSale of IBM microchip plants in Vermont, New York to ...

   www.foxbusiness.com · markets · sale-of-ibm

   

   Jul 1, 2015 · GlobalFoundries announced Wednesday it had completed its purchase of IBM's microchip plants in Vermont and New York, giving a new lease on life to a big employer in Vermont and New York's...

8. www.mynbc5.com · article · ibm-unloads-assetsIBM unloads assets, including Vt. chipmaking plant - My NBC5

   www.mynbc5.com · article · ibm-unloads-assets

   

   The announcement that IBM will unload its chip manufacturing division to GlobalFoundries puts to rest months of speculation and fear in Vermont that IBM could mothball the Essex facility.

9. www.marketplace.org · 2024/03/26 · with-chips-actBiden administration bets an old plant can make new chips ...

   www.marketplace.org · 2024/03/26 · with-chips-act

   

   Mar 26, 2024 · With CHIPS Act funding, a 1950s-era plant in Vermont is getting the chance to make semiconductors for smartphones and electric vehicles.

10. vtdigger.org · 2024/02/19 · feds-award-new-fundingFeds award $1.5 billion to GlobalFoundries, in part to ...

    vtdigger.org · 2024/02/19 · feds-award-new-funding

    

    Feb 19, 2024 · The funding, a result of the 2022 federal CHIPS and Science Act, is expected to help upgrade and expand the semiconductor giant’s Vermont facility, where GlobalFoundries prints microchips for ...