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For what it's worth, IBM is suing to try to get its $1.5 billion back, claiming that GlobalFoundries didn't uphold terms of the deal: https://www.burlingtonfree
by _delirium 5y ago
For what it's worth, IBM is suing to try to get its $1.5 billion back, claiming that GlobalFoundries didn't uphold terms of the deal: https://www.burlingtonfreepress.com/story/news/2021/06/11/ibm-sues-globalfoundries-breach-contract-semiconductor-spat-essex-junction-microelectronics-vt/7652597002/ https://www.burlingtonfreepress.com/story/news/2021/06/11/ib...
- kken 5y agoIntel could fix that. Could be an added incentive for the deal.
- evilos 5y agoThat is incredible. Why did GloFo think they could just take the 1.5B and not deliver? I guess if they don't have to pay too much damages it's a huge free loan...
- akiselev 5y agoThis is America and they’re a corporation. It’s the price of doing business.
- nikanj 5y agoBecause example has shown time and again that you can take the $1500 million, spend $100 million on legal fees, settle for $400 million and keep a nice $billion
- detaro 5y agoTheir interpretation is probably that they, as promised, spent the 1.5B trying to deliver and it didn't work out, too bad.
- chasil 5y agoIntel PowerPC. Who would have thought it would happen?