Governor Peter Shumlin: GlobalFoundries Announcement on IBM Acquisition
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Gov. Peter Shumlin is joined by business groups, employers, local officials, lawmakers and others to offer strong state partnership to GlobalFoundries. The Santa Clara-based semiconductor manufacturer announced its intention to purchase IBM’s facilities in Vermont and continue operations and employment at the plant. GlobalFoundries said that manufacturing at the facility will continue, with robust demand supporting plant operations and employment. The announcement ends months of uncertainty about the fate of the plant due to IBM’s strategic realignment of its business away from silicon chip manufacturing.