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[Bloomberg/Various] IBM Paying Globalfoundries $1.5 Billion to take Foundries - Page 3

post #21 of 34
As a non-American it always seems as if IBM is a sleeping giant. This news really makes me stand in awe of what IBM is really still doing n the business. Incredible.
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post #22 of 34
Quote:
Originally Posted by MoGTy View Post

As a non-American it always seems as if IBM is a sleeping giant. This news really makes me stand in awe of what IBM is really still doing n the business. Incredible.

Not really.... IBM has always been quite active in the server/enterprise world. It's just that consumer don't hear about those things unless they look.
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post #23 of 34
so sheiks from global foundry get 1.5bil usd to close down the factories, while ibm gets to hold onto its good name ... but thats usuall modus operandi for western corporations
post #24 of 34
Thread Starter 
Quote:
Originally Posted by revro View Post

so sheiks from global foundry get 1.5bil usd to close down the factories, while ibm gets to hold onto its good name ... but thats usuall modus operandi for western corporations
GlobalFoundries is getting a pre-built Fab 9 for $1.5 billion, rather than spending $6 to $8 billion.
Quote:
Back in May 2011 it was reported that Globalfoundries (Milpitas, Calif.) was planning to spend between $6 billion and $8 billion building a wafer fab in Abu Dhabi with groundbreaking to take place in 2012 and chip production scheduled to start in 2015.
http://www.eetimes.com/document.asp?doc_id=1260664
Quote:
"We have no plans for layoffs or shutting the fabs down in any way," GlobalFoundries chief executive officer Sanjay Jha said. "That is our commitment."

Jha, speaking in a telephone news conference Monday morning, said GlobalFoundries would maintain both of the IBM chip plants, known as fabs, and the employees it acquired in Essex Junction and East Fishkill, N.Y.

Jha added that IBM Burlington's fab in particular, with its industry-leading chips for cell phones and other devices, will help GlobalFoundries become a leader in the business.
http://www.burlingtonfreepress.com/story/news/local/2014/10/20/globalfoundries-acquire-ibm-chip-business/17597227/

I do hope they do a name change.

East Fishkill -> Fab 10
Essex Junction -> Fab 11

http://globalfoundries.com/newsroom/press-releases/2014/10/20/globalfoundries-to-acquire-ibm%27s-microelectronics-business
Quote:
As part of this Agreement, GLOBALFOUNDRIES will gain substantial intellectual property including thousands of patents, making GLOBALFOUNDRIES the holder of one of the largest semiconductor patent portfolios in the world. GLOBALFOUNDRIES also will benefit from an influx of one of the best technical teams in the semiconductor industry, which will solidify its path to advanced process geometries at 10nm and below. Additionally, the acquisition opens up business opportunities in industry-leading radio frequency (RF) and specialty technologies and ASIC design capabilities.
Patents included, GlobalFoundries will be getting ahead and probably hitting that 2015 profitability mark.
Edited by Seronx - 10/20/14 at 7:05pm
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post #25 of 34
Quote:
Originally Posted by SpeedyVT View Post

My uncle is a little sad about VT closing. He worked their for ages! I heard they are going to fire everyone there too. frown.gif My state sucks.

Where did you hear any of that?? My father works there and hasn't heard anything of the sort. It was just on the news here and VT officials got a direct quote from the GF CEO that some jobs would move to Malta NY, but not all. The VT fab employs ~4k people!
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post #26 of 34
Quote:
Originally Posted by Seronx View Post



East Fishkill -> Fab 10
Essex Junction -> Fab 11

Hey man, I grew up there, call the Essex fab, Fab EJ, VT4LYFE!
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post #27 of 34
Quote:
Originally Posted by revro View Post

so sheiks from global foundry get 1.5bil usd to close down the factories, while ibm gets to hold onto its good name ... but thats usuall modus operandi for western corporations

No....

GF gets the fabs, patents, and $1.5B.

IBM gets some to build mass produce their chips for next ten years.

It's actually a win-win for both. IBM gets to clear their books of losing division but one which they still need. IBM is basically making lemonade out of lemons.
Edited by DuckieHo - 10/20/14 at 7:36pm
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post #28 of 34
Quote:
Originally Posted by DuckieHo View Post

No....

GF gets the fabs, patents, and $1.5B.

IBM gets some to build mass produce their chips for next ten years.

It's actually a win-win for both. IBM gets to clear their books of losing division but one which they still need. IBM is basically making lemonade out of lemons.

I really have no idea why but IBM always seems to have the type of strategery that benefits them and makes them look good at the same time. Generally. The QDOS incident not included.
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post #29 of 34
Quote:
Originally Posted by dave12 View Post

I really have no idea why but IBM always seems to have the type of strategery that benefits them and makes them look good at the same time. Generally. The QDOS incident not included.

IBM is culture is forward looking.

They are willing to make the hard decisions for long-term survival and growth.

They are a company of engineers..... forget emotions and bias.... what do we need to do to get the job done?
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post #30 of 34
Quote:
Originally Posted by dave12 View Post

I really have no idea why but IBM always seems to have the type of strategery that benefits them and makes them look good at the same time.

What about this deal makes them look good, other than it being a sound business decision made by a healthy, pragmatic, business?
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