Welch Statement On GlobalFoundries Acquistion Of IBM Vermont Facilities

Press Release

Representative Peter Welch issued the following statement in response to the announcement this morning that GlobalFoundries will acquire IBM's chip-making facilities in Essex Junction:

"After much speculation, the highly skilled employees at IBM Vermont now know with certainty that GlobalFoundries will purchase their extraordinary facilities," said Welch. "What they know, what Vermonters know, and what GlobalFoundries will soon discover, is that the work force and facilities at the Essex Junction plant are second to none in quality, innovation, and productivity. I look forward to working with Governor Shumlin, IBM employees, and the state's business community to ensure that the plant continues to be a leader in semiconductor manufacturing."

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