After lengthy negotiations, IBM and Globalfoundries have signed a definitive agreement under which the latter will acquire the business for the production of semiconductors, as well as relevant intellectual property. In addition, Globalfoundries will take up contract manufacturing of IBM server processors using 22nm technology, 14 nm and 10 nm in the next 10 years.
Once the deal is closed, IBM will be able to focus on basic research in the field of semiconductors and data processing. Globalfoundries also receive a portfolio that includes thousands of patents IBM, describing the semiconductor manufacturing technology. The property is Globalfoundries must move enterprise IBM in East Fishkile and Essex Junction, as well as business related to the issuance of commercial microelectronics. In addition, within three years, IBM will pay Globalfoundries $ 1.5 billion as a "compensation" for the loss-making assets.
The transaction will be completed upon approval of its terms c regulators. The parties expect that the formalities will be settled in 2015.