IBM

Joint venture has IBM tackling renewable energy’s grid effects

The new company will crunch data from customers’ electric meters to help forecast conditions on the grid, which is predicted to save Vermonters money.

PFOA found in groundwater at GlobalFoundries, Champlain Cable plants

Tests showed PFOA levels of up to 7,200 parts per trillion at Champlain Cable — 360 times the 20 parts per trillion maximum concentration allowed by state law.

Shumlin, GlobalFoundries celebrate partnership

The governor said he began reading in the news that IBM was looking to get out of the chipmaking business. When he realized GlobalFoundries might take over, Shumlin said, he called the company.

Shumlin administration: Enterprise Fund awards pay for themselves with taxes

A five-page report issued Thursday outlines how much money three companies receive from state incentive programs and announces an additional $185,000 for GlobalFoundries.

New owners of IBM plant move to cut workforce

GlobalFoundries said Friday it is offering retirement incentives to an undetermined number of people across the company.

GlobalFoundries takes over IBM’s workforce and 16,000 patents

Companies close deal that will pay UAE-owned GlobalFoundries $1.5 billion to take over IBM’s chip-making operations in Vermont, New York.

GlobalFoundries pegged for $2.5M state incentive

The Vermont Enterprise Fund wasn’t created to benefit a single company, but the creation of the fund coincided with growing concerns about International Business Machines Inc. selling or relocating its chip-making plant.

Year in Review: VTDigger’s Top 10 stories of 2014

The death, or near death, of Vermont’s independent pursuit of a single payer health care system is the No.1 story, as voted by VTDigger staff. Vermont Yankee, IBM, DCF, Vermont Health Connect and the surprising general election also figured prominently.

Year in Review: IBM sale tops business news

GlobalFoundries acquires IBM, state wrestles with sagging tax receipts, FairPoint workers strike and EB-5 complaints were among the year’s top business and economy stories.

GlobalFoundries to keep IBM plant in Essex going

IBM will pay GlobalFoundries $1.3 billion over three years to take its semiconductor manufacturing wing. The new owner says Vermont employees will keep their jobs.

IBM to make announcement this morning about GlobalFoundries deal

IBM will pay GlobalFoundries $1.5 billion to take over its microelectronics unit, which includes the chip making plant in Essex Junction. IBM employs about 4,000 people in Vermont.

Vermont’s economic outlook subdued but positive

Economists project steady growth in Vermont, but warn it could be hampered by IBM layoffs and Vermont Yankee closing. They also point to a new statewide comprehensive development strategy as a positive factor.  

Green Mountain Power cuts electric rates

Electric rates for Green Mountain Power customers dropped 2.46 percent on Oct. 1, the utility announced Monday. GMP President and CEO Mary Powell said in a statement that the company’s long-term power contracts and in-state renewable power generation allow the company to lower energy bills for customers. The company last year proposed a 0.03 percent […]

IBM to hold job fair Friday, looks to hire about 100 workers

IBM is hiring at its Essex Junction manufacturing plant. The Vermont Department of Labor will hold a job fair, in conjunction with International Business Machines Inc., from noon to 6 p.m. Friday at the Sheraton Burlington Hotel and Conference Center in South Burlington. About 100 positions are immediately available at the “fab,” as the semiconductor […]