With its decision today to sell its semiconductor business, IBM is shifting from manufacturing to a company that focuses on research, software and advanced systems development.

In announcing the $1.5 billion sale of its microelectronics manufacturing unit to GlobalFoundries, IBM emphasized several important things about its business, research and jobs direction.

Microelectronics manufacturing is not a big slice of IBM, which generated $100 billion in revenue last year. However, it directly tied its semiconductor research to its manufacturing capability.

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