IBM and the ETH Zürich University have agreed to jointly build a laboratory for nanotechnology research. The research activities aim at technologies for the post-CMOS era such as carbon-based materials, nano photonics, spintronics, nanowires and tribology.

The lab will have a 90$ million investment. About one third will go to purchase equipment. The work will begin in Spring 2009, and the activities will start in 2011, and planned to last at least 10 years.

Read more here (EETimes)