Examining IBM's Deal With GlobalFoundries
"It's been a long summer," says Frank Cioffi of the Greater Burlington Industrial Corporation, referring the long-awaited announcement that IBM is offloading its microchip manufacturing division, which includes the IBM plant in Essex Junction, to GlobalFoundries. We look at why IBM is paying Global Foundries $1.5 billion over three years to take over that business, what it means for employees, and the impact on the state's economy. Our guests are Tim McQuiston of Vermont Business Magazine, consultant and Forbes.com contributor Roger Kay, and Frank Cioffi of the Greater Burlington Industrial Corporation.
Also on the show, we learn more about the draft GMO labeling rules just released by the Attorney General’s office. The AG's office will be holding a series of public meetings around the state this week to hear input on the draft rules.
Broadcast live on Tuesday, October 21 at noon; rebroadcast at 7 p.m.