Natalie Parkinson
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IBM invests $3 billion in chips

International Business Machines Corp. plans to spend $3 billion on semiconductor research and development in the next five years, even as the company is said to be selling its chip-manufacturing arm.

The company will fund two programs to create smaller, more powerful chips that can be used in systems like IBM’s Watson technology -- which analyzes data in plain English -- and to develop semiconductor parts out of materials other than silicon, according to a statement today.