\n\tIBM, Armonk, N.Y., and GlobalFoundries, Santa Clara, Calif., today announced that they have signed a Definitive Agreement under which GlobalFoundries plans to acquire IBM’s global commercial semiconductor technology business, including intellectual property, world-class technologists and technologies related to IBM Microelectronics, subject to completion of applicable regulatory reviews. GlobalFoundries will also become IBM’s exclusive server processor semiconductor technology provider for 22 nanometer (nm), 14nm and 10nm semiconductors for the next 10 years.
\n\t
\n\tThe Agreement, once closed, enables IBM to further focus on fundamental semiconductor research and the development of future cloud, mobile, big data analytics, and secure transaction-optimized systems. IBM continues its previously announced $3 billion investment over five years for semiconductor technology research to lead in the next generation of computing. GLOBALFOUNDRIES will have primary access to the research that results from this investment through joint collaboration at the Colleges of Nanoscale Science and Engineering (CNSE), SUNY Polytechnic Institute, in Albany, N.Y.<\/p>\n
\n\tGlobalFoundries will acquire and operate existing IBM semiconductor manufacturing operations and facilities in East Fishkill, New York and Essex Junction, Vermont, adding capacity to serve its customers and thousands of jobs. GlobalFoundries plans to provide employment opportunities for substantially all IBM employees at the two facilities who are part of the transferred businesses, except for a team of semiconductor server group employees who will remain with IBM. After the close of this transaction, will be the largest semiconductor technology manufacturing employer in the Northeast.<\/p>\n
\n\tGlobalFoundries will also acquire IBM’s commercial microelectronics business, which includes ASIC and specialty foundry, manufacturing, and related operations and sales. As part of this Agreement, GlobalFoundries will gain substantial intellectual property including thousands of patents, making it the holder of one of the largest semiconductor patent portfolios in the world. The company 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.<\/p>\n