IBM and University of Dayton partner on semiconductor research

YORKTOWN HEIGHTS/DAYTON - IBM (NYSE:IBM) and the University of Dayton announced today an agreement to jointly research and develop next-generation semiconductor technologies focused on AI hardware, advanced packaging, and photonics. The tech giant, with a substantial market capitalization of $271 billion, has seen impressive growth with a year-to-date return of 35.31%, according to InvestingPro data.

As part of the collaboration, IBM will provide semiconductor equipment valued at over $10 million for a new nanofabrication facility on the university's campus. The facility, expected to be completed in early 2027, will serve as a research hub and provide hands-on learning opportunities for students.

The research initiatives will be guided by a University of Dayton faculty member and an IBM Technical Leader, allowing students to work alongside industry and academic experts.

"This collaboration continues IBM's tradition of bringing together industry and academia to fuel innovation," said James Kavanaugh, Senior Vice President and Chief Financial Officer at IBM, according to the press release.

University of Dayton President Eric F. Spina noted that the collaboration would help position the university as a leader in semiconductor and emerging technology research.

The agreement builds upon an existing relationship between IBM and the University of Dayton through the university's Digital Transformation Center and their joint membership in the AI Alliance, which IBM helped establish in 2023.

Located in Dayton, Ohio, home to Wright-Patterson Air Force Base, the collaboration aims to create a new ecosystem for research and development with potential regional and national impact.

Jeff Hoagland, President and CEO of the Dayton Development Coalition, described the partnership as potentially transformative for the region, particularly in semiconductor workforce development.

In other recent news, IBM has been the focus of several significant developments. Evercore ISI has reiterated its Outperform rating for IBM, setting a price target of $315, citing the company's strong positioning in AI and quantum computing. IBM, in collaboration with UFC, launched the AI-powered In-Fight Insights platform, designed to deliver real-time alerts during UFC events. Additionally, IBM has advanced to Stage B of DARPA's Quantum Benchmarking Initiative, which seeks to explore the feasibility of creating an industrially fault-tolerant quantum computer by 2033.

In the healthcare sector, UT Southwestern Medical Center has implemented IBM Fusion with NVIDIA AI technology to enhance its research capabilities. IBM's Apptio division also introduced new tools aimed at helping enterprises manage cloud costs in AI environments, with the launch of Cloudability Governance and Kubecost 3.0. These recent developments highlight IBM's active role in AI, quantum computing, and cloud management innovations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.