IBM/GlobalFoundries deal

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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Rainer

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IBM/GlobalFoundries deal

posted on Oct 20, 2014 12:43AM

My impression is the IBM/GlobalFoundries deal has not become clear to everyone here. So I'll try to summarize the main facts:

GlobalFoundries gets an unprofitable foundry from IBM.
GlobalFoundries gets $1.5 billion from IBM over the next three years.

Alternatively you could say GlobalFoundries buys the foundry for a negative price, i.e. the buyer receives money in this deal.

Source: http://www.bloomberg.com/news/2014-10-19/ibm-agrees-to-pay-globalfoundries-1-5-billion-to-take-chip-unit.html – not officially confirmed yet!

Interesting asides:

GlobalFoundries is said to be more interested in IBM’s engineers and intellectual property, rather than the manufacturing facilities. So please don't be too overly optimistic and don't assume GlobalFoundries wants these facilities for large-scale production of POET chips.
IBM will also receive $200 million worth of assets, making the net value of the deal $1.3 billion.
Even as IBM wants to exit the chip manufacturing business, the company plans to spend $3 billion on semiconductor research and development in the next five years.