Finally it's Globalfoundries taking over IBM's chip fabs

IBM has unloaded its semiconductor fab business to Globalfoundries. Globalfoundries to acquire IBM's chip making facilities at East Fishkill, New York and Essex Junction, Vermont and 1000s of patents. After acquiring two fabs from IBM, Globalfoundries is now well positioned to race with TSMC to gain a top slot in the semiconductor foundry business. Globalfoundries was formed by AMD, by disinvesting its fab facilities. Globalfoundries is invested by Abu Dhabi-based investor. AMD gets it chips fabricated by Globalfoundries, IBM also to fabricate chips from Globalfoundries for its server business. IBM is a very close partner of Globalfoundries in semiconductor technology sharing. IBM, though come out of IC manufacturing, but will continue to focus on creating new technologies for advancing IC fabrication. Globalfoundries to gain some advantages over competitors in the area of RF IC, 3-D chip fabrication by effectively utilising IBM's strength in these areas. We had written a story on who's going to buy IBM's chip factory on 10th Feb 2014. Below is a reproduction of same story, where we have mentioned Globalfoundries as the most suitable buyer. Report on IBM selling its semiconductor biz; who are the potential buyers? IBM is comparable to Pacific Ocean in electronics and computer technology. In semiconductor area, IBM is the leader by depth and breadth of the...