Read more.GloFo gets the cash over the next three years. IBM focuses upon software and research.
Read more.GloFo gets the cash over the next three years. IBM focuses upon software and research.
Interesting, but I was more expecting GloFo to pay IBM for the fabs! I wonder how that works? Maybe a cash injection for further investment etc to better their competitive position?
Either way, IBM seem to have been a strong player in the semiconductor business over the years; I'm sure GloFo would benefit from this, and more competition should be a good thing.
It's also good to see IBM will be keeping their research sector up and running.
On the big plus side, if GloFo gain access to IBM semi-conductor research, that will quickly nip over to AMD who will be able to make use of it, save them a lot of R&D costs and allow them to begin catching up to Intel, making for better competition in the CPU sectors, higher performance and lower costs.
Seems like a good way to divest a loss making enterprise from the balance sheet whilst retaining all its benefits of production, presumably linked very closely to exploitation of IBM's development of new materials (nano glass for instance).
Very interesting. Be interesting to see what they do with the capacity, although I fear we will be looking at more ARM chips, rather than AMD x86.
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