passage: IBM opened a sprawling and sophisticated semiconductor factory here on Wednesday that cost more than $ 2.5 billion to build and equip , the largest single capital investment the company has ever made .
  The factory , which opens as the computer chip business is in a slump , is a costly and risky move for IBM .
  But it is also an expression of confidence by the company that it can remain a technology leader in the highly competitive global semiconductor industry , and a commitment that the best place to execute that strategy is in upstate New York .
  IBM is an exception among computer makers in that it still invests heavily in research to advance the design , manufacture and materials used in semiconductor chips .
  It is spending more than $ 500 million a year on semiconductor research and development .
  The factory will produce a wide range of specialized semiconductors used in everything from the largest mainframe computers to cell phones and video - game consoles .
  The new plant is part of IBM 's push to gain a strong lead in chip - making beyond the personal computer business , where Intel and East Asian chip producers hold the advantage .
  " The core of our strategy is to lead in technology and attack the high - performance segments of the market , " said John Kelly , senior vice president in charge of IBM 's technology group .
  An advantage to having the semiconductor fabricating factory here , Kelly explained , was that it was very close to its research laboratories in nearby Westchester County , N.Y. To stay ahead in advanced chip technology , he said , moving innovations out of the labs and into the factory as fast as possible is crucial .
  " What we call the lab - to - fab time should be as close to zero as possible , " Kelly said .
  " If our strategy were anything but to be on the leading edge , we 'd have put the plant in Asia . "
  The new factory , which will begin normal production early next year , will employ about 1,000 people .
query_and_answer: What does IBM 's senior vice president in charge of their technology group , John Kelly , feel that the location of the new plant is so important ? || Besides bringing 1,000 jobs to the area the new factory will be very close to IBM's research laboratories in Westchester County, NY to make sure the lab to fab time will be as close to zero as possible
evidences: " What we call the lab - to - fab time should be as close to zero as possible , " Kelly said . " The core of our strategy is to lead in technology and attack the high - performance segments of the market , " said John Kelly , senior vice president in charge of IBM 's technology group . An advantage to having the semiconductor fabricating factory here , Kelly explained , was that it was very close to its research laboratories in nearby Westchester County , N.Y. To stay ahead in advanced chip technology , he said , moving innovations out of the labs and into the factory as fast as possible is crucial .