IBM to PAY GlobalFoundries to take chip fab unit
IBM is reportedly putting up its chip fabs on the market, paying GlobalFoundries to take the money loser off its hands. Bloggers are astounded, shocked, and — as always — opinionated as ever.
In IT Blogwatch, bloggers ask for fish.
Filling in for our humble blogwatcher Richi Jennings, is a humbler Stephen Glasskeys.
Marc Ferranti boosts, transfers, finalizes and deals:
Under pressure to boost margins, IBM is set to make what it calls a “major business announcement” Monday morning, an indication that it has finalized a deal to transfer chip-making operations to GlobalFoundries.
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IBM CEO Ginni Rometty is looking for ways to increase margins as revenue growth slows while it transitions to new technology and services offerings. MORE
No spect-ulation by Joseph Spector on existing commitments: [Ahem – Ed.]
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