IBM plans to invest $3 billion in chip technology over the next five years. The investment aims to improve silicon technologies already in place so they can be used in chips as small as 7 nanometers, down from today's 22 nanometer chips. IBM is the first company confident in its ability to use 7 nanometer chips, which are only a few atoms wide. The investment will also be used towards developing new technology - placing IBM at the helm of future chip innovation. These innovations will speed up transaction processing as well as encryption. The company does not seek to move forward with chip "manufacturing." IBM has been trying to sell its chip manufacturing operations for several months. The likely buyer is GlobalFoundries, a large manufacturer in upstate New York. This latest investment follows the company's $6.2 billion investment in R&D last year. IBM plans to keep up spending in other areas as well, including cloud development, big data, analytics, and mobile device management.