Comments of Senator Patrick Leahy (D-Vt.) On IBM and Global Foundries

“IBM’s economic impact on Chittenden County and the State of Vermont over the past 50 years has been profound, and its Essex workforce – by far the greatest asset being acquired by Global Foundries – is among the most talented in the world.  Even as operations at IBM in Vermont have evolved, the employees at Essex continue to innovate as world leaders in microelectronics.  In an era of disruptive mergers and acquisitions, the deal to sell the Essex IBM plant to Global Foundries has been remarkably smooth.

“It is clear that Global Foundries values the technology and workforce at Essex, and we welcome them to Vermont.  Vermonters look forward to this new chapter, and I will continue to work closely with Global Foundries to ensure that workers at Essex maintain their standing as worldwide leaders in microelectronics.”

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