IBM Microelectronics Division was the semiconductor arm of International Business Machines Corporation (IBM) from 1966 to 2015. Two facilities in Essex Junction, Vermont, and East Fishkill, New York, housed the majority of the division. It was sold to GlobalFoundries in 2015; as part of the agreement, IBM gave its Essex Junction and East Fishkill factories and $1.5 billion in cash to GlobalFoundries in exchange for the latter supplying high-technology chips to IBM for a decade.
History
IBM Microelectronics took root from the opening of two separate facilities for microelectronics: a Essex Junction, Vermont, facility in 1957, and the Hudson Valley Research Park facility in 1963.[1][2] The Microelectronics Division was formally organized in 1966.[3] By 2001, its operations also comprised offices in North Carolina, Minnesota