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Monday, September 25, 2023
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IBM to pay $1.5B to shed its costly chip division

By  Sun-Times Wire
   
SHARE IBM to pay $1.5B to shed its costly chip division

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.

Read more at Newsfeed.

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