• GLOBALFOUNDRIES to Acquire IBM's Microelectronics Business
    6 replies, posted
[QUOTE][B]ARMONK, N.Y., and SANTA CLARA, Calif., - 20 Oct 2014: [/B]IBM (NYSE: [URL="http://www.ibm.com/investor/"]IBM[/URL]) and GLOBALFOUNDRIES today announced that they have signed a Definitive Agreement under which GLOBALFOUNDRIES plans to acquire IBM's global commercial semiconductor technology business, including intellectual property, world-class technologists and technologies related to IBM Microelectronics, subject to completion of applicable regulatory reviews. GLOBALFOUNDRIES will also become IBM's exclusive server processor semiconductor technology provider for 22 nanometer (nm), 14nm and 10nm semiconductors for the next 10 years. [/QUOTE] [URL]http://www-03.ibm.com/press/us/en/pressrelease/45110.wss[/URL] It's not the whole company, but it's a big part of IBM.
My uncle was hired by GF to open up their factory in NY and i had an opportunity to get a job there too, I just would have had to move across the country from the west coast. Sometimes I wish I'd taken the job. :(
I have to wonder why IBM are selling. Something like that should only grow.
[QUOTE=Del91;46286386]My uncle was hired by GF to open up their factory in NY and i had an opportunity to get a job there too, I just would have had to move across the country from the west coast. Sometimes I wish I'd taken the job. :([/QUOTE] I toured the factory in NY. It was fucking massive and crazy. [img]http://www.globalfoundries.com/images/default-source/default-album/fab8_aerial_1110.jpg?sfvrsn=0[/img]
[QUOTE=download;46286628]I have to wonder why IBM are selling. Something like that should only grow.[/QUOTE] From what I've understood, IBM's been losing money because of it
[QUOTE=download;46286628]I have to wonder why IBM are selling. Something like that should only grow.[/QUOTE] AFAIK its because ibm decided to focus on software like 10 years ago. Basically ibm realized that manufacturing hardware had poor profit margins, so they expanded into software to focus on business software. What happened was that all the ibm hardware suffered as a result. Powerpc, an architecture made in part by ibm, failed to kill x86/x64, and Apple stopped using powerpc and went to Intel. IBM's hardware business failed to stay relevant and started losing money like crazy, and they've been selling it off for years now. [editline]21st October 2014[/editline] They've also been doing mass layoffs and rehirings for years now. They got really big and then failed to maintain momentum
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