Home IBM to Pay Big to Unload Chip Division
 

Keywords :   


IBM to Pay Big to Unload Chip Division

2014-10-20 21:32:20| Semiconductors - Topix.net

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.

Tags: big pay division ibm

Category:Electronics and Electrical

Latest from this category

All news

»
01.11CERM launches new MIS products, Mark Andy innovates and more
01.11Getting more out of fall and winter grazing
01.11U.S. Boston butt burger launches in Colombia
01.11All Americans have a role in keeping African swine fever out
01.11BASF TotalEnergies Petrochemicals Receives United Way Champions of Hope Award
01.11US jobs growth slows as presidential election looms
01.11Heritage Environmental Services Secures Commercial Permit Status for Orange, TX Incinerator
01.11Value for Money tsar linked to string of overspends
More »