IBM Unloads Chip Biz To GF

By Ed Sperling & Mark LaPedus After months of on-again, off-again negotiations, [getentity id="22306" comment="IBM"] agreed to hand over its Microelectronics unit to [getentity id="22819" comment="GlobalFoundries"] for $1.5 billion—meaning IBM will actually pay GlobalFoundries that amount to get rid of what has become an albatross for Big Blue. To really sweeten the deal, GlobalFoundr... » read more