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

|By:, SA News Editor

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.