Report: IBM is paying GlobalFoundries $1.5B to rid itself of its chip-making business

By Kevin Fitchard   
Summary:
IBM plans a big announcement at its earnings call on Monday. Bloomberg has it that IBM has come to terms with GlobalFoundries on taking over its money-losing commercial silicon business.

photo: Tomasz Bidermann/Shutterstock

IBM apparently really, really doesn’t want to be in the commercial silicon business, to the point it’s willing to pay GlobalFoundries $1.5 billion to take its chip-making unit off its hands, according to a new report from Bloomberg.

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