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GlobalFoundries to take over IBM's semiconductor unit in US$1.3 billion deal

Mikael Ricknäs | Oct. 21, 2014
The chip maker is getting factories, patents, employees -- and a US$1.3 billion payment from IBM.

As part of the deal, GlobalFoundries will become IBM's exclusive server processor provider for 22 nanometer, 14nm and 10nm chipsets for the next 10 years. IBM sold its x86 servers to Lenovo, but kept System z mainframes, Power Systems and Power-based Flex servers.

GlobalFoundries is based in Silicon Valley and has about 13,000 employees. It is owned by Advanced Technology Investment Company (ATIC), which is a part of the Abu Dhabi government's Mubadala Development investment arm.

 

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