GlobalFoundries

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IBM and GlobalFoundries settle long-running legal cases

IBM and semiconductor firm GlobalFoundries have settled a long-running dispute over intellectual property. 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.…