IBM will sell the semiconductor technologies unit that makes its Power processors to GlobalFoundries, paying the chip manufacturer about US$1.3 billion to take two factories off its hands in a move to save money.
Under pressure to boost margins, IBM is set to make what it calls a "major business announcement" Monday morning, raising the possibility that it has finalized a deal to transfer chip-making operations to GlobalFoundries.
Samsung is partnering with chip manufacturer GlobalFoundries to increase the supply of low-power, high-speed chips for smartphones and tablets.
GlobalFoundries, a contract chip manufacturer that works closely with semiconductor companies, appointed former Motorola Mobility CEO Sanjay Jha as its chief executive Monday.
The U.S. Defense Advanced Research Projects Agency and a consortium of top semiconductor companies are handing out US$194 million to universities for research that addresses the physical limitations of semiconductors and chips.
Advanced Micro Devices has cut orders to contract chip manufacturer GlobalFoundries, expecting a "choppy demand environment" in the next few quarters.
Third-quarter earnings reports from major tech vendors continued to pour in this week, confirming upbeat trends for enterprise software and emerging markets but mixed results for hardware and components.
Five chipmakers, including Intel, IBM, Samsung Electronics, GlobalFoundries and Taiwan Semiconductor Manufacturing Co. have committed investment of $US4.4 billion in research and development in the state of New York over the next five years, to devel...
Chip maker GlobalFoundries said two top executives have stepped down and been replaced by a new leadership team as the company looks to step up investments and boost chip manufacturing capacity through next year.
Chip manufacturing firm GlobalFoundries will begin construction of a new manufacturing plant in Abu Dhabi next year, the majority stakeholder of the company said on Friday.
Chip manufacturing company GlobalFoundries on Thursday said it plans to open a factory in Abu Dhabi as it expands worldwide operations.
Taiwan Semiconductor Manufacturing Co. is expanding capacity this year following recent unexpected demand from customers including Apple suppliers, it said Wednesday
Chip makers including Samsung and GlobalFoundries on Monday announced a development platform that could hasten the release of a new generation of low-power chips for mobile devices.
Advanced Technology Investment Company (ATIC) of Abu Dhabi has signed a definitive agreement to acquire chip maker Chartered Semiconductor Manufacturing of Singapore in a deal valued at S$5.6 billion (US$3.9 billion) in cash and debt, the companies s...
Advanced Micro Devices spin-off GlobalFoundries is set to announce its first customer soon, taking a step forward as it tries to build up its manufacturing operations.
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