Today imec and Coventor announced a joint development project for 10nm and 7nm process development. Imec, which is in Leuven Belgium, is a partner with pretty much all the semiconductor companies that are planning work at these advanced nodes. It mostly does pre-competitive research and development. This type of research is very expensive for any one semiconductor company to carry out so it makes sense to share the investment across the entire industry. It will be interesting to see whether the GlobalFoundries acquisition of IBM’s semiconductor business changes the landscape since historically IBM has done a lot of research themselves, and those researchers now work for GF. Imec is a big operation with a staff of over 2000 people, including 670 industrial residents and guest researchers.