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IBM to create 1,000 jobs in N.Y.

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From Times Wire Services

IBM Corp. agreed to invest $1.5 billion for computer-chip manufacturing and research in New York state, creating 1,000 jobs aided by $140 million in government subsidies.

The agreement, announced by company executives and state officials, also calls for IBM to retain more than 1,000 existing jobs at its East Fishkill research and manufacturing facilities, which are to be upgraded.

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