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IBM to PAY GlobalFoundries to take chip fab unit

By Richi Jennings

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IBM

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IBM

Rometty: Chips on her shoulder.

Computerworld |
Oct 20, 2014 3:18 AM
PT

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IBM is reportedly putting adult a chip fabs on a market, paying GlobalFoundries to take a income crook off a hands. Bloggers are astounded, shocked, and — as always — dogmatic as ever.

In IT Blogwatch, bloggers ask for fish.

Filling in for a common blogwatcher Richi Jennings, is a humbler Stephen Glasskeys.

Marc Ferranti boosts, transfers, finalizes and deals:

Under vigour to boost margins, IBM is set to make what it calls a “major business announcement” Monday morning, an denote that it has finalized a understanding to send chip-making operations to GlobalFoundries.

IBM CEO Ginni Rometty is looking for ways to boost margins as income expansion slows while it transitions to new record and services offerings.  MORE

No spect-ulation by Joseph Spector on existent commitments: [Ahem - Ed.]

All before pursuit commitments between New York and IBM will be recorded in a company’s sale of a chip production to GlobalFoundries, [said] a state source with believe of a deal.  MORE

Things get complicated, advises Kevin Fitchard:

IBM has a difficult attribute with a semiconductor business. The association is still unequivocally most invested in silicon RD…but a blurb chip operations runs a outrageous loss. … [Selling] off chip phony capabilities does not meant that IBM is out of a chip pattern business.  MORE

Speaking of complicated, Alex Barinka and Ian King excavate further:

IBM will also accept $200 million value of assets, creation a net [deal] value…$1.3 billion, pronounced a people who asked not to be identified.

In a 10-year partnership, Globalfoundries will supply IBM with Power processors in sell for entrance to IBM’s egghead property. That would concede Globalfoundries to entrance pivotal chipmaking record and pledge [the chips] IBM needs for a systems, like mainframe computers and a Watson data-analytics technology.  MORE

Tom Gara speaks in colorful metaphors:

You know a business is ***** when we have to compensate $1.5 billion to a association owned by Abu Dhabi to *take it from you*  MORE

Meanwhile, Ian Kar seeks lulz:

lolz wait is IBM unequivocally PAYING to get absolved of an asset? how poisonous is IBM’s chip division!?  MORE

 


You have been reading IT Blogwatch by and Stephen Glasskeys, who curate a best bloggy bits, excellent forums, and weirdest websites… so we don’t have to. Catch a pivotal explanation from around a Web every morning. Hatemail might be destined to @RiCHi or [email protected] Opinions voiced might not paint those of Computerworld. Ask your alloy before reading. Your mileage might vary. EOE.

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Article source: http://www.computerworld.com/article/2835973/ibm-to-pay-globalfoundries-to-take-chip-fab-unit-itbwgk.html

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