IBM Sells Microelectronics Unit/Assets to GlobalFoundries
IBM and GlobalFoundries announced that they have signed a definitive agreement under which GlobalFoundries will acquire IBM’s global commercial semiconductor technology business, including intellectual property, personnel and technologies related to IBM Microelectronics. GlobalFoundries will also become IBM’s exclusive server processor semiconductor technology provider for 22 nanometer (nm), 14nm and 10nm semiconductors for the next decade.
According to IBM, the agreement will enable it to focus on fundamental semiconductor research and the development of future cloud, mobile, big data analytics and secure transaction-optimized systems. The company will continue its previously announced five year/$3 billion investment in semiconductor research to lead in the next generation of computing. GlobalFoundries will have primary access to that research through joint collaboration at the Colleges of Nanoscale Science and Engineering (CNSE), SUNY Polytechnic Institute, in Albany, N.Y.
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NOTE: This column was originally published in the Pund-IT Review.