According to the Wall Street Journal, GlobalFoundries has emerged as a leading buyer for IBM's semiconductor division. But what could that mean for the plant in Essex Junction?
Reporter Gina Bullard spoke with the writer of the Wall Street Journal article, Spencer Ante. He says the sale could go through in the next couple of months and could include IBM facilities in Essex, Fishkill, N.Y., and Montreal. Ante predicts Fishkill is more likely to be sold than the Vermont plant because the Essex facility has older technology, but GlobalFoundries could be forced to buy it as part of the deal.
"Either way people who work in Vermont have reason to be concerned about their future. If they sell it, there's the argument to be made that employees will have more job security. If it's not part of the sale, then you'll probably see more of the same," Ante said.
Watch the video for the full interview with Ante.