(The Guardian)—IBM is to invest $3bn (£1.7bn) over the next five years in chip research and development in hopes of finding a game-changing breakthrough that can help revive its slumping hardware unit.

IBM announced the plan a week before its widely anticipated second quarter earnings. Last quarter, sales in its hardware sector plunged 23% from a year earlier and the company posted its lowest quarterly revenue in five years.

IBM hopes to find ways to scale and shrink silicon chips to make them more efficient, and research new materials to use in making chips, such as carbon nanotubes, which are more stable than silicon and are also heat resistant and can provide faster connections.

READ MORE

###

Leave a comment

Your email address will not be published. Required fields are marked *

Yes, I would like to receive emails from Washington Informer Newspaper. Sign me up!


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, https://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact