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IBM to spend US$3b on computer chip development

It will be among the largest research initiatives at firm

[NEW YORK] IBM plans to spend US$3 billion in the next five years on research and development for computer chips, both to stretch the limits of conventional semiconductors and to hasten the commercialisation of exotic new designs.

The chip programme, announced Wednesday, will be among the largest research initiatives at IBM, which spends about US$6 billion a year on research and development.

"We're investing to really push the frontiers" of chip technology, said John Kelly, senior vice-president and...

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