Globalfoundries buys ibm's semiconductor division
It has been rumored for a long time that IBM was looking for a buyer for its semiconductor division, finally it has been GlobalFoundries (GF) who has bought it.
IBM has announced that it has reached an agreement with GF to sell it its semiconductor division so they will stop making chips. After this sale, it will be GF who will manufacture IBM its chips in 22, 14 and 10nm processes during the next decade, service for which it will receive 1, 500 million dollars (1, 173 million euros) in three years.
As part of the GlobalFoundries deal you will earn substantial intellectual property including thousands of patents making you the holder of one of the largest semiconductor patent portfolios in the world.
With all this, GF has obtained one of the best technical equipment in the semiconductor industry that will help you to reach manufacturing processes of 10 nm and even lower. In addition, the acquisition opens up industry-leading business opportunities for radio frequency (RF) and specialty technologies and ASIC design capabilities.
IBM notes that this agreement allows it to focus on fundamental semiconductor research and the development of its future mobile, 'cloud' and 'big data' activities, as well as its security optimized operations systems.
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