New York secured the investment in competition with other locations worldwide, Cuomo said in a speech that was also webcast.
IBM has committed $3.6 billion of the total investment to work on next generations of computer chips, including those using 22-nanometers and 14-nanometers process technology, said John Kelly, senior vice president and director of IBM Research.
Since 2000, IBM has invested more than $10 billion in New York state, its largest investment anywhere in the world, Kelly said.
The transition from 300mm to 450mm wafers will require unprecedented industry-wide collaboration, and the New York project is critical for the new consortium, called Global 450, said Brian Krzanich, senior vice president and general manager of manufacturing and supply chain at Intel.
Intel is already designing and building its future factories to be 450mm capable, and is counting on the results of the research and development in New York in the second half of the decade to go into production in those factories.