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Home › IBM to pay $1.5 billion to shed its costly chip division

 

IBM to pay $1.5 billion to shed its costly chip division

2014-10-20 20:34:28| Electronics - Topix.net

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.

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