ARMONK, N.Y., July 1, 2015 /CNW/ -- IBM (NYSE: IBM) today
announced that the acquisition of the company's global commercial
semiconductor technology business by GLOBALFOUNDRIES has been
completed.
With the closing of this transaction, GLOBALFOUNDRIES becomes
IBM's exclusive semiconductor processor technology provider for the
next 10 years, ensuring a long-term supply of semiconductors for
IBM systems. IBM Research will continue its deep focus on
fundamental semiconductor and material science research and systems
innovation to drive IBM's leadership in mainframe, Power and
storage systems as well as future cloud, big data and analytics
systems.
"This announcement is the next step in our long-standing
relationship with GLOBALFOUNDRIES. IBM continues to invest in
systems leadership, innovation and talent for the long-term," said
Tom Rosamilia, senior vice
president, IBM Systems. "IBM is designing and developing IT systems
for the digital era -- including servers, storage and middleware
that will empower our clients to drive new workloads and new
business models."
IBM expects its unparalleled semiconductor and materials
research, which has delivered such breakthroughs as copper chips,
silicon germanium and quantum computing research, to continue to
advance its capabilities in systems for years to come.
About IBM Systems: To learn more about IBM Systems, visit
www.ibm.com/systems
Contact: Lisa Lanspery
IBM Media Relations
914-766-4417
lisalanspery@us.ibm.com
James Sciales
IBM Media Relations
1-914-945-1402
sciales@us.ibm.com
Logo - http://photos.prnewswire.com/prnh/20090416/IBMLOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/acquisition-of-ibms-semiconductor-business-by-globalfoundries-is-completed-300107285.html
SOURCE IBM