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Privately-owned chip foundry Globalfoundries will probably buy IBM's chip division, says...

  • Wednesday, July 18, 2012, 10:26 AM ET
    Privately-owned chip foundry Globalfoundries will probably buy IBM's chip division, says industry consultant Mike Bryant, citing rumors his firm has heard. IBM's chip division has been struggling, and saw a 13% Y/Y revenue drop in Q1. Acquiring it would give Globalfoundries additional scale to compete against top foundry TSMC (TSM), though integrating IBM's various plants and manufacturing processes wouldn't be a picnic.
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This news story has 3 comments:

  •  
    Thought IBM got out of these (not so profitable) businesses, especially after Apple went from the IBM chip to Intel
    18 Jul 2012, 12:33 PM Reply Like
  •  
    IBM has some of the best plants you have ever seen. I hope this doesn't happen. It won't be good for the employees. And I don't really think it will do much for IBM's stock price either. As a shareholder, I want to keep the chips.
    24 Jul 2012, 09:39 AM Reply Like
  •  
    Don't worry about the chip mfg. plants, the fountain of IBM knowledge is in their Research Division.
    3 Aug 2012, 10:51 PM Reply Like
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