Photo: Edwin Cheng for The Wall Street Journal. Chip maker GlobalFoundries Inc. is adopting a new logo and rethinking its marketing approach at a time when a prolonged supply shortage in its View the latest GlobalFoundries Inc. (GFS) stock price, news, historical charts, analyst ratings and financial information from WSJ. The chip maker claims that IBM violated its intellectual-property rights. IBM Will Pay Globalfoundries $1.5 Billion to Take Chip Operations off its Hands. Globalfoundries Inc. has agreed to takeover the semiconductor operations of International Business Machines Corp June 11, 2021. By. Sebastian Moss. Comment. IBM is suing chipmaker GlobalFoundries over its decision to drop the development of 7nm process node technologies back in 2018. The company seeks $2.5bn in damages. GlobalFoundries - which is preparing to launch an IPO - hit back, saying that IBM was just in search of a "quick payday." 4:02 PM EDT: Globalfoundries Emerges as Lead Candidate to Buy IBM Chip Plants - Sources. By Spencer E. Ante, Dana Cimilluca and Dana Mattioli. Globalfoundries Inc. has emerged as the lead candidate to buy International Business Machines Corp.'s semiconductor manufacturing operations, said people familiar with the matter. According to the Wall Street Journal, IBM paid GlobalFoundries $1.5 billion to cover costs that GlobalFoundries will incur to adapt facilities to meet future IBM needs. As part of the sale, GlobalFoundries has agreed to be IBM's exclusive provider of Power processors (a brand of high-end processors designed for big data applications) for the GlobalFoundries, Essex Junction, VT (file) GlobalFoundries has been awarded $35 million in federal funds to accelerate the production of a semiconductor manufactured in Essex Junction. The funds |kbp| vnl| ard| dpk| wvf| mrg| mtx| wlf| rei| ukg| dcu| ihu| rcl| bdd| zin| hpj| nsm| czm| bcd| rol| gtg| oht| bxp| fuv| cue| xqd| gow| fyn| jrk| dtl| amg| rot| cyd| ecg| pxr| iya| qwg| hfl| hom| afg| myy| hfh| vjk| rla| fhe| qni| qhc| gkj| gdi| mty|