Acquisition of IBM’s Semiconductor Business by GLOBALFOUNDRIES is Completed

IBM today announced that the acquisition of the company’s global commercial semiconductor technology business by GLOBALFOUNDRIES has been completed.

With the closing of this transaction, GLOBALFOUNDRIES becomes IBM’s exclusive semiconductor processor technology provider for the next 10 years, ensuring a long-term supply of semiconductors for IBM systems.  IBM Research will continue its deep focus on fundamental semiconductor and material science research and systems innovation to drive IBM’s leadership in mainframe, Power and storage systems as well as future cloud, big data and analytics systems.

“This announcement is the next step in our long-standing relationship with GLOBALFOUNDRIES. IBM continues to invest in systems leadership, innovation and talent for the long-term,” said Tom Rosamilia, senior vice president, IBM Systems. “IBM is designing and developing IT systems for the digital era — including servers, storage and middleware that will empower our clients to drive new workloads and new business models.“

IBM expects its unparalleled semiconductor and materials research, which has delivered such breakthroughs as copper chips, silicon germanium and quantum computing research, to continue to advance its capabilities in systems for years to come.

About IBM Systems: To learn more about IBM Systems, visit www.ibm.com/systems

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s