Skip to main content

Acquisition of IBM’s Semiconductor Business by GLOBALFOUNDRIES is Completed


Armonk, N.Y. - 01 Jul 2015: 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.  IBM Research will continue its deep focus on fundamental semiconductor and material science research and systems innovation to drive IBM’s leadership in mainframe, Power and storage systems as well as future cloud, big data and analytics systems. 

“This announcement is the next step in our long-standing relationship with GLOBALFOUNDRIES. IBM continues to invest in systems leadership, innovation and talent for the long-term,” said Tom Rosamilia, senior vice president, IBM Systems. “IBM is designing and developing IT systems for the digital era -- including servers, storage and middleware that will empower our clients to drive new workloads and new business models.“

IBM expects its unparalleled semiconductor and materials research, which has delivered such breakthroughs as copper chips, silicon germanium and quantum computing research, to continue to advance its capabilities in systems for years to come.

About IBM Systems: To learn more about IBM Systems, visit www.ibm.com/systems

 

Contact(s) information

Lisa Lanspery
IBM Media Relations
914-766-4417
lisalanspery@us.ibm.com

James Sciales
IBM Media Relations
914-945-1402
sciales@us.ibm.com

Related XML feeds
Topics XML feeds
Analytics
News about IBM solutions that turn information into actionable insights.
Cloud Computing
Gain access to your applications from anywhere, at any time.
Corporate
Financial news, company earnings, philanthropy, community service, human resources, sponsorship
Investors
News of interest to IBM investors
Microelectronics
Engineering & Technology Services, OEM, microelectronics
Research
Chemistry, computer science, electrical engineering, materials and mathematical sciences, physics and services science
Storage
Storage software, tape and disk innovations

Document options