ARMONK, NY—IBM has dealt its chip manufacturing division to Globalfoundaries Inc. In an unusual move, IBM will pay Globalfoundaries $1.5 billion over the next three years to take over the division. As part of the deal, Globalfoundaries will also own and operate IBM's manufacturing facilities in East Fishkill, NY, and Burlington, VT.
Arenas and other large venues rely on high-tech displays to produce the best show possible for an audience. The show must go on, as the saying goes, so reliability is paramount.
TROY, MI—Contract manufacturer Unified Business Technologies could add 171 jobs over the next three years after winning an Army contract to make components for surveillance and communications.
FAIRFIELD, CT—Scientists at GE are experimenting with a technology, called Direct Write, that uses special “inks” to print miniature sensors directly inside jet engines, gas turbines and other hot, harsh and hard-to-reach places.
LOWELL, MA—Raytheon Co. and the University of Massachusetts Lowell will establish a $3 million joint research facility here dedicated to future technologies for radar and communication systems.
The wave of automotive recalls this year underscores the importance of putting identification codes on products. Without such codes, consumers would not know if their vehicles were safe, and automakers would not know where or when problem parts were made.
SAO PAULO—Thieves raided a Samsung electronics assembly plant here during the night shift early Monday, subduing workers and guards, and making off with at least $6 million worth of cell phones and computers.
Luck is the key to winning on slot machines, but not to being a successful manufacturer in the gaming markets industry. To achieve that, a company needs to have foresight and be innovative.
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