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IBM and Global Foundries announced a deal in which Global Foundries takes over IBM's chip manufacturing business for free, along with $1.5 billion in cash, and all manufacturing-related patents and engineers.
IBM Pays Global Foundries $1.5 Billion To Take Unprofitable Chip Manufacturing Business Off Its Hands : Read more
IBM Pays Global Foundries $1.5 Billion To Take Unprofitable Chip Manufacturing Business Off Its Hands : Read more