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Posted by: Tom Daly
IBM selling chip plants to Global Foundries
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Published: 21 Oct 2014
Revised: 21 Oct 2014 - 1131 days ago
Last viewed on: 24 Nov 2017 (2021 views) 

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IBM selling chip plants to Global Foundries Published by: Tom Daly on 21 Oct 2014 view comments(1)

GLOBALFOUNDRIES will acquire and operate existing IBM semiconductor manufacturing operations and facilities in East Fishkill, New York and Essex Junction, Vermont.

Cash consideration of $1.5 billion is expected to be paid to GLOBALFOUNDRIES by IBM over the next three years

http://www-03.ibm.com/press/us/en/pressrelease/45110.wss

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Posted by: bobcozzi
Site Admin ****
Chicagoland
Comment on: IBM selling chip plants to Global Foundries
Posted: 3 years 1 months 4 days 17 hours 53 minutes ago

"Please take this off our hands. We'll pay you $1.5 billion to buy our mfg operations." Wow, that's an insentive.