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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.
IBM to pay $1.5 billion to shed its costly chip division
2014-10-20 20:34:28| Electronics - 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.
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IBM pays $1.5bn to offload chip unit
2014-10-20 13:25:26| BBC News | Business | UK Edition
IBM is to pay $1.5bn in cash to offload its loss-making chip manufacturing division to Abu Dhabi sovereign wealth fund GlobalFoundries.
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.
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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.
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