Tuesday, June 21, 2011

Two Utah tech firms adding jobs, investing more than $1B

IM Flash Technologies said it would pour $1.5 billion into its flash memory chip plant in Lehi and add 200 jobs that will help ensure its presence in Utah for years to come as it faces fierce international competition.

At the same news conference in Lehi, Massachusetts-based EMC Corp. said it will be hiring about 500 tech-savvy employees for a customer-service operation in Utah to service clients worldwide of its computing hardware and software used to create and manage large banks of computers called clouds. EMC is expected to invest more than $7 million in new workspace at an undetermined location.

The announcements came as the Governor’s Office of Economic Development extended tax credits to the two companies to help with their expansions — $45.9 million for IM Flash and $3.5 million to EMC . Salt Lake Tribune