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IBM dumps chip unit, pays GlobalFoundries $1.5 billion to take the business off its hands

2014-10-20 12:57:00| Extremetech

It's the end of an era -- IBM is paying GlobalFoundries to take over its chip manufacturing and exiting that business altogether. The company will continue to sell and presumably design Power chips in partnership with GlobalFoundries.

Tags: business unit pays hands

 

IBM Agrees to Pay Globalfoundries $1.5 Billion to Take Chip Unit

2014-10-20 10:08:25| Semiconductors - Topix.net

IBM Agrees to Pay Globalfoundries $1.5 Billion to Take Chip Unit - International Business Machines Corp. agreed to pay Globalfoundries Inc. $1.5 billion to take an unprofitable chip-manufacturing unit off its hands, according to two people with knowledge of the matter.

Tags: pay unit ibm billion

 
 

GlobalFoundries job fair set for Burlington

2014-08-05 08:09:47| Semiconductors - Topix.net

A deal had been in the works for the New York based company to buy IBM's semiconductor plant in Essex Junction, but national business experts say the deal is off.

Tags: set job fair burlington

 

IBM talks with Globalfoundries break down over price: Bloomberg

2014-07-26 02:01:33| Electronics - Topix.net

International Business Machines Corp's attempt to sell its slumping chip manufacturing business to Globalfoundries Inc deteriorated when the two companies failed to agree on a price, Bloomberg reported on Friday.

Tags: price break ibm talks

 

IBM talks with Globalfoundries break down over price: Bloomberg

2014-07-25 22:21:36| Semiconductors - Topix.net

International Business Machines Corp's attempt to sell its slumping chip manufacturing business to Globalfoundries Inc deteriorated when the two companies failed to agree on a price, Bloomberg reported on Friday.

Tags: price break ibm talks

 

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