Canada plows another $210M into IBM’s Quebec chip plant - The Logic
https://thelogic.co/news/exclusive/ibm-semiconductors-canada-investment/Open linkView original on lemmy.caSyndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.cahttps://thelogic.co/news/exclusive/ibm-semiconductors-canada-investment/Open linkView original on lemmy.ca
15 replies
Why keep posting from this hard paywall site? If you have a sub, please post the article.
https://archive.is/obwis
It opens for me using DDG.
What does ibm even do nowadays
Phoenix pay.
They make tons of money in mainframe and consulting.
They're still earning gazillions from patents, aren't they?
Oh probably
They seem to buy a lot, bought Hashicorp (terraform) recently, redhat was like 6 years ago now.
People I know there though, they work in the consulting arm.
But IBM is an American company? Why is Canada now plowing $210M into Canadian chip companies/startups. Chips is the new oil.
It is explained in the article. IBM Bromont is in Canada since 72 and since the Biden administration is trying to flee Taiwan for fear of the Chinese
Isn't that accounting tomfoolery? They may be a separate legal entity, but aren't they wholly owned by the mother corp in the US? As such, profits and IP would flow directly back to the US, wouldn't they?
Yes, absolutely. But since they’re here the gouv probably didn’t bother finding someone else to de
nazifyAmericanizeXerox has been in Canada even longer but they are still an American company regardless. Just like Nintendo of America is still a Japanese company.
Plows