GlobalFoundries to acquire IBM’s global semiconductor business

IBM, 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.

Samsung to invest $14.7 billion in new semiconductor fab

Samsung Electronics, South Korea, announces plans to invest $14.7 billion in a new semiconductor fabrication facility in Pyeongtaek, South Korea to meet growing demand from smartphones, enterprise computing and the emerging “Internet of Things” market.