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GlobalFoundries gets $1.5 billion to make Power chips

October 20, 2014 by Seamus Quinn

IBM is to sell its processor manufacturing arm to GlobalFoundries. Big Blue announced today that it will pay GlobalFoundries $1.5 billion to take its chip factories in New York and Vermont off its hands. GlobalFoundries will be IBM’s exclusive provider for 22 nanometer, 14nm and 10nm processor chipsets for the next 10 years. Plus GlobalFoundries […]

Rumours abound about IBM’s processor sell-off

August 12, 2014 by Seamus Quinn

There has been continued speculation about the future of IBM’s chip-making division in the American press. Last week, U.S. news agency Bloomberg claimed that Big Blue couldn’t pay to be rid of the unit that produces Power processors. Yesterday, a report in the Poughkeepsie Journal cast doubt about the future of its East Fishkill processor […]

IBM’s processor sell-off may have stalled

July 28, 2014 by Seamus Quinn

IBM may not be selling its processor businesses to GlobalFoundries after all, according to a Bloomberg report. On Friday, the American news agency posted a story that said IBM had walked away from the negotiating table because GlobalFoundries’ offer for its chip operation was too small. Neither party had been willing to comment either way. […]

IBM’s Power processor sell-off “imminent”

July 9, 2014 by Seamus Quinn

IBM is rumoured to be on the brink of selling its Power processor manufacturing business. According to reports in American media outlets, Big Blue is going to offload its entire chip-making arm to California-headquartered GlobalFoundries. GlobalFoundries was spun out of AMD in 2009 and is owned by the Emirate of Abu Dhabi. The company may […]

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