Tuesday, December 01, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Patriot Introduces 128GB Compact USB Flash Drives
AMD Launches the Low Profile FirePro W4300 Graphics Card for CAD
Seagate And Newisys Demonstrate Flash Storage Architecture Capable Of 1TB/s
New Tracking Technology Visualizes Wireless Signals
Adobe Falsh Becomes Adobe Animate CC
Samsung Galaxy Game Tuner App Will Save Battery Resources During Gaming
Nokia's Virtual Reality Camera 'Ozo' Priced at $60,000
Samsung Changes Head Of Mobile Business
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > PC Parts > IBM Off...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, August 05, 2014
IBM Offered Globalfoundries 1bn Dollars To Take Chip unit: report

Bloomberg reported today that IBM could pay as much as 1 Billion USD to Globalfoundries in order to offload its loss-making chip foundry operations.

IBM was offering about US$1 billion to entice Globalfoundries to take the unit, said Bloomberg's unnamed source. Globalfoundries wanted to be paid about US$2 billion, enough to offset the division?s losses, the report added.

IBM seems to be urgently trying to get less-profitable businesses off the books.

With the talks breaking down, the chip-manufacturing business is likely to continue to weigh on IBM?s profit.

According to other sources, Globalfoundries was primarily interested in acquiring IBM?s engineers and intellectual property, rather than manufacturing facilities.

Toshiba Launches 5TB Surveillance HDD        All News        Pebble's Smartwatch Now Available In More Colors
Toshiba Launches 5TB Surveillance HDD     PC Parts News      Marvell Introduces New PCIe 3.0 NVM Express SSD Controller

Get RSS feed Easy Print E-Mail this Message

Related News
IBM’s Watson Forecasts Products for Holiday Season
IBM, Xilinx target Intel With Chip Collaboration
IBM To Buy The Weather Company's Product and Technology Businesses
IBM Takes On Intel's x86 Systems With New Linux Servers
Research Breakthrough Paves Way for Post-Silicon Future
IBM and ARM Collaborate to Accelerate Delivery of Internet of Things
IBM Unveils Linux Mainframe System
Watson to Gain Ability to See with Acquisition of Merge Healthcare
IBM Acquires Compose to Expand Cloud Data Services
IBM Revenue Declines
IBM Develops 7nm Processor
IBM and Box Partner to Transform Work in the Cloud

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .