My impression is the IBM/GlobalFoundries deal has not become clear to everyone here. So I'll try to summarize the main facts:

• GlobalFoundries gets an unprofitable foundry from IBM.
• GlobalFoundries gets $1.5 billion from IBM over the next three years.

Alternatively you could say GlobalFoundries buys the foundry for a negative price, i.e. the buyer receives money in this deal.

Source: http://www.bloomberg.com/news/2014-10-19/ibm-agrees-to-pay-globalfoundries-1-5-billion-to-take-chip-unit.html – not officially confirmed yet!

Interesting asides:

• GlobalFoundries is said to be more interested in IBM’s engineers and intellectual property, rather than the manufacturing facilities. So please don't be too overly optimistic and don't assume GlobalFoundries wants these facilities for large-scale production of POET chips.
• IBM will also receive $200 million worth of assets, making the net value of the deal $1.3 billion.
• Even as IBM wants to exit the chip manufacturing business, the company plans to spend $3 billion on semiconductor research and development in the next five years.

As stated above, everything is unconfirmed yet.