GlobalFoundries and IBM Announce Settlement and Resolution …
Jan 2, 2025 · MALTA, NY and ARMONK, NY, January 2, 2025 - GlobalFoundries (Nasdaq: GFS) (GF) and IBM (NYSE: IBM) today announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and ...
GlobalFoundries and IBM Announce Settlement and Resolution …
4 days ago · The details of the settlement are confidential and both parties have expressed satisfaction with the outcome. "We are pleased to have reached a positive resolution with IBM, and we look forward to new opportunities to build upon our long-standing partnership to further strengthen the semiconductor industry," said Dr. Thomas Caulfield, president and CEO of GF.
GlobalFoundries and IBM Announce Settlement and Resolution …
Jan 2, 2025 · GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient ...
IBM and GlobalFoundries settle multibillion-dollar lawsuits
6 days ago · The pair had signed a $1.5 billion deal in late 2014 where IBM transferred its semiconductor manufacturing business to GlobalFoundries. GF was supposed to take over the delivery of 14 nanometer technologies for IBM Power and z processors and deliver 10nm and smaller wafer-etching techniques as part of a ten-year agreement.
IBM, GlobalFoundries settle lawsuits over contract, trade secrets
Jan 2, 2025 · GlobalFoundries bought IBM's semiconductor plants in 2015. IBM sued the Malta, N.Y.-based company in New York state court in 2021 for allegedly breaking a $1.5 billion contract to make high ...
IBM, GlobalFoundries settle lawsuits over contract, trade secrets
Jan 2, 2025 · GlobalFoundries, which is majority owned by Abu Dhabi's sovereign wealth fund Mubadala, separately sued Armonk, New York-based IBM in New York federal court in 2023 for allegedly misappropriating...
IBM and GlobalFoundries settle long-running legal cases
3 days ago · Back in 2015, GlobalFoundries – the chipmaking unit of AMD which was spun out in 2009 – took over IBM's loss-making chip-manufacturing operation. It agreed to provide IBM with high-performance Power processors for mainframes and IBM's Watson AI technology as the sole supplier over a ten-year period.
GlobalFoundries and IBM Announce Settlement and Resolution …
Jan 2, 2025 · MALTA, NY and ARMONK, NY, January 2, 2025 – GlobalFoundries (Nasdaq: GFS) (GF) and IBM (NYSE: IBM) today announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This ...
IBM and GlobalFoundries end long-running chip IP legal dispute
6 days ago · IBM and GlobalFoundries (GF) have reached a settlement in their long-running legal dispute which saw both companies claim breach of contract and misuse of trade secrets and intellectual property. In a joint statement , the two companies said the undisclosed settlement resolves “all litigation matters” and would allow them to “explore new ...
Globalfoundries, IBM settle long-running legal disputes
Jan 2, 2025 · IBM made a damages claim against Globalfoundries for US$2.5 billion and then a countersuit followed from Globalfoundries against IBM in June 2021. In 2023 Globalfoundries sued IBM over its release of semiconductor IP and trade secrets to Japanese startup Rapidus Inc. and chip giant Intel.