Ron Burgundy Posted October 20, 2014 Share Posted October 20, 2014 (Reuters) - IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing, mobile and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday. IBM will take a related pre-tax charge of $4.7 billion in its third quarter. ... View the full article Quote Link to comment Share on other sites More sharing options...
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