Acquisition of IBM’s Semiconductor Business by Globalfoundries is Completed

ARMONK, N.Y. , July 1, 2015 /CNW/ — IBM (NYSE: 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.

Read the source article at Yahoo Finance

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