Globalfoundries edges out Intel for IBM chip-making business: WSJ

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

Reply New Message

Prev Message Back To Forum Threaded View Next Message

wanttoretireearly

Rank: Vice President [?]

Points: 2989 [?]

Votes: 127 Score: 3.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Globalfoundries edges out Intel for IBM chip-making business: WSJ

posted on Apr 03, 2014 05:29PM

(Reuters) - Contract chipmaker Globalfoundries has emerged as the leading candidate to buy IBM's semiconductor operations, edging out Intel Corp, the Wall Street Journal cited unidentified sources as saying on Thursday.

IBM had held discussions with those two companies as well as Taiwan Semiconductor Manufacturing Co, but California-based Globalfoundries showed keener interest and TSMC ultimately dropped out for unspecified reasons, the Journal cited people familiar with the matter as saying.

IBM had asked for $2 billion but potential bidders offered more than $1 billion, the newspaper added. Globalfoundries, IBM, TSMC and Intel were not immediately available for comment.

(Reporting by San Francisco newsroom)

https://ca.finance.yahoo.com/news/globalfoundries-edges-intel-ibm-chip-making-business-wsj-203325785--finance.html