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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 […]

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