IBM unveils 2-nanometer chip technology for faster computing

International Business Machines (NYSE:IBM) Corp DOWN 0.36% AT 145.22

For decades, each generation of computer chips got faster and more power-efficient because their most basic building blocks, called transistors, got smaller.

The pace of those improvements has slowed, but International Business Machines (NYSE:IBM) Corp on Thursday said that silicon has at least one more generational advance in store.

IBM introduced what it says is the world’s first 2-nanonmeter chipmaking technology. The technology could be as much as 45% faster than the mainstream 7-nanometer chips in many of today’s laptops and phones and up to 75% more power efficient, the company said.

The technology likely will take several years to come to market. Once a major manufacturer of chips, IBM now outsources its high-volume chip production to Samsung Electronics (OTC:SSNLF) Co Ltd but maintains a chip manufacturing research centre in Albany, New York that produces test runs of chips and has joint technology development deals with Samsung (KS:005930) and Intel Corp (NASDAQ:INTC) to use IBM’s chipmaking technology.

On technical fronts International Business Machines (NYSE:IBM) Corp RSI stood at 66.74 and currently stock is trading Above All Moving Averages. So, BUY position can be taken with following target and stoploss.

TRADE SIGNAL -: International Business Machines (NYSE:IBM) Corp – BUY: 145.22, TARGET: 152.06, STOP LOSS: 140.85

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