IBM and Intel (INTC +2.6%) plan to invest $4.4B over 5 years to create a nanotech R&D hub in...

|By:, SA News Editor
IBM and Intel (INTC +2.6%) plan to invest $4.4B over 5 years to create a nanotech R&D hub in New York, according to NY Governor Cuomo - whose state will add $400M to the kitty in support. The project will focus on creating chips of a length of one nanometer - one twenty-five millionth of an inch - to power systems from supercomputers to smartphones.