CHINA TOPIX

05/07/2024 10:55:56 am

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chip-making

ibm-offices

IBM Looking To Sell Chip-Making Unit For $1.5 Billion

IBM has been cutting their hardware, PC and server based business for the past few years, and will continue to move out of manufacturing with $1.5 billion payout to Globalfoundries to take it off their hands.

IBM Main Site

IBM Looking to Reverse Projected Revenue Decline With Sale of Chip-Making Unit

Industry observers are still waiting for confirmation from International Business Machines (IBM) regarding its third quarterly earnings as well as the decision for the planned sale of its chip-making business, due to be announced Monday.

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